“Today’s ruling marks a significant step toward loosening the grip of Visa and Mastercard on the market for ATM network services and promises to benefit all independent ATM Operators as well as the millions of cardholders that depend on U.S. independent ATMs every day.” – Jonathan Rubin, MoginRubin Partner
On Wednesday, a D.C. federal judge certified three different classes that all accuse Visa and Mastercard of violating antitrust laws with ATM fee rules that have caused injury to consumers and machine owners, ruling that a class action is the superior method for resolving the claims.
Read the coverage in Law 360 here [Subscription may be required.]
Read the OPINION GRANTING MOTION FOR CLASS CERTIFICATION here.