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

Appellants-plaintiffs appeal from an order entered on May 19, 2004, in the United States District Court for the Eastern District of New York, adopting the Report and Recommendation of Special Master Robin M. Wilcox, which advised the district court to find that the refusal of Visa U.S.A., Inc. (“Visa”) to prohibit its member financial institutions (“members” or “acquirers”) from charging merchants for Bank Identification Number (“BIN”) data was not a violation of Visa’s June 4, 2003 Settlement Agreement (“Settlement Agreement”) with plaintiffs. We assume familiarity by the parties with the…