While the National Retail Federation and American Express have already filed their appeals of the mega $5.7 billion interchange fee settlement, reports say a judge officially cleared proposed attorneys fees on Friday.
US District Judge John Gleeson approved $544.8 million in lawyers fees to be paid to the representatives of various merchants. The retailers sued Visa and MasterCard, as well as several banks, for charging interchange, or swipe-fees.
The defendants offered the multibillion dollar settlement that was also approved by Judge Gleeson last month.
Full Content: Wall Street Journal
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