Any business that accepted VISA and MasterCard payments for goods and services from January 1, 2004 through January 25, 2019 can apply for their fair share of a $6+ Billion court ordered settlement.
In 2004 a group of large retailers joined together to sue VISA, MasterCard and the issuing banks over illegal business practices. Specifically the suit claimed that the defendants colluded to rig higher and higher “Card Payment Interchange Fees” and “Merchant Discounts” in a manner that amounted to illegal price fixing.
This case quickly became a “class action”… which enables a small number of plaintiffs to sue on behalf of a larger group with similar interests. The court agreed to combine these cases into a class action, the results of which would be applicable to all members of the class. In this case this means all U.S. interests accepting VISA or MasterCard payments from January 1, 2004 through January 25, 2019. That is IF they elect to become part of the settlement by filing a claim.
Specialized Subscription, Membership and Event Professionals are certainly members of this class and entitled to claim a portion of the $6+ Billion Settlement.
This webinar will explain what you need to know in order to file a claim and several options for filing.
To contact DealersEdge and Brownstone Recovery about applying for your portion of the settlement, visit www.dealersedge.com/brownstone