MasterCard Estimates Settlement of Big Interchange Cases Could Cost It $500 Million (Digital Transactions) #Swipefees

Minneapolis attorney K. Craig Wildfang, lead attorney for the class plaintiffs, said he would not comment about the MasterCard disclosure. But Mitch Goldstone, president and chief executive of one of the named class plaintiffs, in Irvine, Calif., said he believes the Occupy Wall Street anti-corporate demonstrators and their sympathizers are having an effect on the defendants.

“I’m having the best level of comfort since 2005 that this could be resolved very quickly,” Goldstone says. “Those [Occupy Wall Street participants] are the people that are going to be jurors next fall. The banks know it.”

Trial is set to start Sept. 12, 2012.


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