Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720
Settlement Fund: $5.54 Billion
Claim Filing Deadline: TBD; claim forms are not available at this time.
Class Period: January 1, 2004-January 25, 2019
Chicago Clearing Corporation's
affiliate company, Mitena Partners, provides class action
settlement recovery solutions beyond the world of financial litigations. Right now,
the team at Mitena are ready to monetize claims in this settlement, are preparing
to file claims on behalf of its clients once claim forms are available, and are
always available to discuss the status of this litigation and the
settlement process.
Please note: as we just
mentioned, claim forms are not yet available and the courts have not yet set a
claim filing deadline. Once claim forms are available, you will not need to use
a third-party claim filer like Mitena Partners to file a claim. You may also
contact the claims administrator or class counsel for no-cost assistance with
your claim, or for any other information. Here is the link to the administrator's website.
But if you choose to outsource
claim filing or decide to monetize your claim long before any distribution
occurs, then we recommend choosing Mitena Partners. CCC’s 30 years of experience paired with
Mitena's innovative approach powered by SaaS (Software as a Service) gives your
company a quick, streamlined solution to the claims filing process.
Mitena focuses on the Payment Card Settlement so you don't have to. Their team provides your company with expertise to
understand the history of this litigation, its complexities, and your options
for accelerated recovery options.
CCC and its partner companies
have helped millions of claimants recover funds in thousands of class actions.
This makes Mitena Partners uniquely qualified to handle any volume of
transactions and to navigate any tricky historical data issues that you may
face. To learn more about this litigation, please visit the claims
administrator's page linked below, or the Mitena Partners page for this
litigation: Mitena Partners- Visa/MC Class
Action
Our colleagues Kirk Swaney and Billy Stewart are also available to
discuss this and the other recovery opportunities we are tracking.
Payment Card Settlement
Disclaimer:
The Court has granted final approval of a settlement to resolve the class
action. Claim forms are not yet available and class members need not sign up
for a third-party service to recover settlement funds. Once a claim’s process
is available, no-cost assistance will be available from the Class Administrator
and Class Counsel. Additional information regarding the litigation is available
on the Court-approved website at www.paymentcardsettlement.com.
Cornerstone Research has released its yearly securities
class action litigation report and found dramatic increases in the number of
settlements and in the average settlement pools. (The link to the full report
is below.)
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Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720
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