Class Action Settlement Funds To Be Distributed In Currency Conversion Fee Antitrust Litigation & Credit Card Foreign Transaction Fee Class Action Lawsuit Settlement

On October 5, 2011 the Court entered an Order authorizing the Settlement Administrator to disburse the available net settlement funds (approximately $275,600,000) to pay valid claims of claimants in a class action lawsuit in the United States District Court for the Southern District of New York (styled In re Currency Conversion Fee Antitrust Litig., MDL 1409).  The case alleged the price cardholders of Visa-, MasterCard-, or Diners Club-branded payment cards were charged to make transactions in a foreign currency, or with a foreign merchant, between February 1, 1996 and November 8, 2006, were excessive.  The casle also alleged how the prices of credit and debit/ATM card foreign transactions were set and disclosed was inaccurate, according to the In re Currency Conversion Fee Antitrust Litigation class action settlement website.

According to the In re Currency Conversion Fee Antitrust Litigation class action settlement website, the Settlement Administrator estimates that checks will begin to be mailed in early November and will continue to be mailed until the end of the year (December 31, 2011). I received mine on November 17, 2011.

For more information on the Currency Conversion Fee Antitrust Litigation & Credit Card Foreign Transaction Fee Class Action Settlement, visit the In re Currency Conversion Fee Antitrust Litigation settlement website:

Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.


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