Representative Cases

G&E was appointed co-lead counsel representing a class of merchants seeking equitable relief in a suit alleging that Visa, MasterCard, and several major card-issuing banks have engaged in collusive practices to fix payment card interchange fees at artificially high rates, and that certain rules promulgated and enforced by Visa and MasterCard are anticompetitive and artificially increase the interchange fees paid to card issuing banks by the merchants. The class was certified in September 2021, in what we believe to be the largest injunctive class ever certified in an antitrust case. A $5.54 billion settlement was reached.