Visa Inc. - Visa settled a 1996 antitrust lawsuit brought by a class of U.S. merchants

Time: 1996

Place: U.S.

Details: Visa settled a 1996 antitrust lawsuit brought by a class of U.S. merchants, including Walmart, for billions of dollars in 2003. Over 4 million class members were represented by the plaintiffs. According to a website associated with the suit, Visa and MasterCard settled the plaintiffs' claims for a total of $3.05 billion. Visa's share of this settlement is reported to have been the larger.

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