Visa Mastercard Antitrust Suit Targets Card Giants Over Billions in Merchant FeesA San Diego pizza restaurant has taken aim at two of the world’s biggest payment networks, accusing Visa and Mastercard of continuing to squeeze merchants with excessive “swipe fees” despite billions of dollars already paid to resolve earlier antitrust litigation. The Pizza Standard filed a proposed class action Thursday in federal court in New York,…USA Herald3d agoWhole story →CommerceEconomyvisa mastercard antitrust suit
Chubb $30M Claimed After Insurers Lose Fight Over Coal Silo CollapseA West Virginia federal jury has ordered two Chubb insurers to pay $30 million to a coal mining company after finding that the insurers mishandled its claim following the collapse of a silo hopper. The verdict awards Ramaco Resources LLC $2.5 million for corporate aggravation and inconvenience and another $27.5 million for net economic losses Chubb $30M…USA Herald7d agoWhole story →PlanetCommerce
