Legal Opinion

Wal-Mart Stores, Inc. v. Visa U.S.A. Inc.

Court of Appeals for the Second Circuit

Decided January 4, 2005No. Nos. 04-0344, 04-1052, 04-0514, 04-1055PublishedCited by 475 opinions

1Opinion of the Court

WESLEY, Circuit Judge.

Appellants challenge the district court’s approval of a class action settlement, including the award of attorneys’ fees. The class action involved approximately five million merchants and alleged, inter alia, that defendants Visa U.S.A. Inc. and MasterCard International Inc. tied merchant use of defendants’ debit products to use of defendants’ credit cards, in violation of the *101Sherman Act. Plaintiffs contended that Visa and MasterCard used their power in the credit card market to force merchants to accept an artificially-inflated transaction fee when accepting payment…

2Cases cited40 opinions

  1. Northern Pacific Railway Co. v. United StatesSupreme Court of the United States · 1958
  2. City of Detroit v. Grinnell Corporation, Manhattan-Ward, Incorporated v. Grinnell Corporation, 1225 Vine Street Building, Inc. v. Grinnell CorporationCourt of Appeals for the Second Circuit · 1974
  3. Samuel Bailey v. Joe T. PattersonSupreme Court of the United States · 1962
  4. Goldberger v. Integrated Resources, Inc.Court of Appeals for the Second Circuit · 2000
  5. Fed. Sec. L. Rep. P 98,755, Fed. Sec. L. Rep. P 99,074 William B. Weinberger v. James C. Kendrick, Charles M. CoyneCourt of Appeals for the Second Circuit · 1983

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3Cited by475 opinions

  1. Darnell v. City of New YorkCourt of Appeals for the Second Circuit · 2017
  2. Wright v. GoordCourt of Appeals for the Second Circuit · 2009
  3. Morrison v. National Australia Bank Ltd.Court of Appeals for the Second Circuit · 2008
  4. Lopez v. Nights of Cabiria, LLCDistrict Court, S.D. New York · 2015
  5. Kendall v. Visa U.S.A., Inc.Court of Appeals for the Ninth Circuit · 2008

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