SCOTUS Won’t Hear Massive Credit Card Interchange Suit

Supreme Court Rebuff Sends a Massive Credit Card Interchange Case Back to Brooklyn
– Digital Transactions

Digital Transactions interviewed Manatt’s Anita Boomstein, chair of the firm’s global payments practice, for an article about the Supreme Court’s refusal to hear an appeal of a lower-court decision regarding credit card payment rules and policies that threw out a $5.7 billion antitrust settlement.

The top court’s decision will likely lead to years of continuing litigation and negotiation, observers say, as the massive case heads back to the federal court in Brooklyn, New York, where it was originally decided.

"The Supreme Court’s refusal to hear the case now forces the parties to rethink the settlement terms to try to come up with something that will pass muster with the appeals court, since it is likely to wind up with them again if a new settlement closely resembles the old one," said Boomstein.

Read the article here



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