U.S. Claim on Credit Card Settlement Money Disputed

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00021266-us-claim-on-credit-card-settlement-money-/

Retailers who won a $3 billion antitrust settlement from Visa USA Inc. and MasterCard International Inc. are questioning a bid by the U.S. government to get a share of the settlement money.

In a Feb. 1 letter to the judge overseeing the case, the lead lawyer representing Wal-Mart Stores Inc. and other retailers said there is a “serious question” about whether the government should be given a piece of the landmark settlement.

The retailers’ lawyer, Lloyd Constantine, says in the letter that the Justice Department and the U.S. Postal Service had filed claims on Jan. 27.

For this complete story, please visit U.S. Claim on Credit Card Settlement Money Disputed.