Over the last 12 years, we have spent a great deal of our professional lives prosecuting antitrust cases against Visa and MasterCard.

First, we represented a class of merchants in a case that produced a settlement worth more than $3 billion in cash, as well as injunctive relief that was valued by the courts at $25 billion to $87 billion. This case concerned Visa/MasterCard's "honor all cards" rules that forced merchants to accept Visa/MasterCard debit transactions at inflated prices.

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