In possibly the largest civil case pending in the United States, retailers are suing the banking industry on antitrust grounds and are seeking damages of $8.1 billion, with possible treble damages of $24.3 billion.

The plaintiffs, including Wal-Mart, Sears and Safeway, are seeking class certification. If granted, it will pit between 3.5 million and 4 million retailers against the 6,000 banks that back Visa and MasterCard.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]