Visa and Mastercard MDL Settlement: Judge Excludes Referral Partner Over Ethical Breaches

A New York federal judge has recently ruled to exclude a referral partner of a claims filing service from the $5.54 billion settlement related to multidistrict litigation (MDL) against Visa and Mastercard. This litigation has been centered on allegations that the financial giants charged merchants improper fees. The judge’s decision was based on accusations that the referral partner in question improperly leveraged class member information to submit claims in the settlement process. The outcome marks a significant turn in this long-running legal battle, underscoring the judiciary’s stance on ethical considerations in claims handling. Legal professionals interested in a more detailed exploration of this decision can find additional insights in the full report.