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Appeals Court Denies Request for Expedited Appeal in Swipe-Fee Case - Electronic Payments Coalition

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Appeals Court Denies Request for Expedited Appeal in Swipe-Fee Case

December 11, 2012 | Dow Jones

A U.S. appeals court on Monday denied a request by Home Depot Inc. (HD) and other merchants to expedite the appeals process in an ongoing battle over a class-action settlement potentially worth $7.25 billion with Visa Inc. (V), MasterCard Inc. (MA) and several large banks. The Second Circuit Court of Appeals said it was deferring briefing for an appeal of the settlement until the deal receives final approval from the U.S. District Court in Brooklyn, where the litigation is currently pending. A ruling on final approval is expected next year.