Visa Check/MasterMoney Antitrust Litigation Update

On September 19, the law firm of Constantine Cannon, the lead counsel for the plaintiffs in the Visa Check/MasterMoney antitrust class action lawsuit, which became final on May 31, 2005, issued an advisory to merchants involved in the suit.

In the advisory, the law firm noted:

"Claim forms are now being sent to the millions of merchants who are members of the class so that they may receive a cash payment from the settlement fund. Merchants are class members if they accepted Visa and MasterCard between October 25, 1992 and June 21, 2003. All claim forms will be mailed by September 29, 2005."

The letter also noted that class members who do not receive a claim form by October should contact the claims administrator at: (888) 641-4437 (toll-free); admin@inrevisacheckmastermoneyantitrustlitigation.com; or by mail to: Visa Check/MasterMoney Antitrust Litigation, Claims Administrator, P.O. Box 9000 #6014, Merrick, NY 11566-9000.

Free help in completing the forms is available by calling the toll-free help-line at (888) 641-4437 or visiting the case website.

Merchants that operate multiple stores may find that claim forms have been sent to their individual stores. Merchants who receive more than one claim form can have them consolidated into one claim to ensure that the merchant receives one check from the settlement fund. Retailers who receive multiple claim forms and want to consolidate them should alert their stores that any claim forms received by the stores should be sent to a central location.

Copies of this Advisory and the entire Plan of Allocation can be obtained the case website or Constantine Cannon website.