Financial Briefs

Breaking financial news from Wall Street to Main Street

Discover May Gain $4 Billion in Visa, MasterCard Suit

Posted by financialbriefs on September 25, 2008

Visa and MasterCard may have to pay as much as $18 billion if the suit fails to settle. U.S. courts earlier determined that restrictions placed on banks by the world’s two largest card companies stifled competition and violated federal antitrust law.

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