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The Paul, Weiss Litigation Department is led by a team of the country’s most accomplished trial lawyers. Our litigators in New York, San Francisco and Washington, D.C. handle the most complex and demanding lawsuits, class actions, government investigations, criminal prosecutions and restructurings. Our clients include Fortune 50 corporations and other prominent companies in the financial services, investment, medical device, pharmaceutical, sports, technology, energy, media and insurance industries. Every day, we are called on by chief executives, board chairs, general counsel, investors and entrepreneurs for our unmatched trial skills, sophisticated business judgment and renowned strategic advice.
MasterCard Reaches Settlement Over Fees
- Client News
- July 18, 2012
Paul, Weiss client MasterCard Inc., along with Visa Inc. and several banks, reached a $7.25 billion settlement with merchants in antitrust lawsuits brought by the merchants over the fees they pay when consumers use debit and credit cards. As The Wall Street Journal reported, the settlement puts to rest a long legal battle. The settlement was announced after financial markets closed, and both MasterCard and Visa stock prices rose following the news.
The team representing MasterCard included litigation partners Bruce Birenboim, Jay Cohen, Andrew Finch, Ken Gallo and Joe Simons and counsel Gary Carney; and bankruptcy partner Kelley Cornish.