Judge Orders Merchant Trade Groups To Correct Swipe-Fee Websites

Dow Jones | April 11, 2013

A federal judge on Thursday ordered merchant trade groups to correct information on websites intended to drum up retailer opposition to a multi-billion-dollar class-action settlement with Visa Inc., MasterCard Inc. and several large banks.

At a hearing in U.S. District Court in Brooklyn, Judge John Gleeson said the groups in question, which are plaintiffs in suits against the payment networks, must add a banner to their websites stating that Judge Gleeson has determined prior information on the sites to be misleading, according to people who attended the hearing. They must also include a link to a court-approved website with information about the settlement.

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