WASHINGTON — A majority of the named plaintiffs in the antitrust case over bank card fees said Friday that they expect to file a brief opposing preliminary approval in the case.
The group includes merchants and trade groups including Affiliated Foods Midwest, Coborn’s Inc., D’Agostino Supermarkets, Jetro Holdings and Jetro Cash & Carry Enterprises, National Association of Convenience Stores, National Community Pharmacists Association, National Cooperative Grocers Association, National Grocers Association, and National Restaurant Association. They represent 10 of the 19 named plaintiffs in the case.
Read more: NRF Vows to Fight Credit-Card Settlement
The groups in a statement said they object to the proposed settlement “because rather than reforming the anticompetitive and illegal practices engaged in by the credit card industry, it will allow that industry to continue to take advantage of merchants and their customers while blocking competition and choice.”
Class counsel is expected to file the proposed settlement next week and ask the United States District Court for the Eastern District of New York for preliminary approval. Opponents said they expect to file a brief in opposition to preliminary approval 30 days after the proposal is filed.
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