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Consumers' claims of injury against MasterCard and Visa are too remote to give them standing to bring a class action, a New York judge has ruled. The judge dismissed an amended complaint in which plaintiffs alleged stores that were forced to accept debit cards as well as credit cards passed along the debit cards' higher transaction costs to consumers. Several large retailers settled their own case against the card issuers for $3 billion last year.
April 28, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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