New York, NY–(HISPANIC PR WIRE – US Newswire)–November 15, 2005–The law firm of Constantine Cannon today released the following advisory to merchants involved in the Visa Check/MasterMoney Antitrust Litigation:
This law firm, Constantine Cannon, is lead counsel for United States merchants in the case called Visa Check/MasterMoney Antitrust Litigation, CV 96-5238.
The settlement in the Visa Check/MasterMoney Antitrust Litigation, which provides $3.383 billion in compensatory relief and an injunction valued by the court in the range of $25-$87 billion to U.S. merchants and consumers over the next decade, became final on May 31, 2005.
Claim forms have now been 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 transactions at any time between October 25, 1992 and June 21, 2003.
Class members who received a claim form with an estimated cash payment (VM1) now have until December 28, 2005 to submit their claim form or to challenge their estimated cash payment amount. Class members who choose to consolidate their claim form after receiving multiple claim forms at individual store locations will receive a revised claim form. Class members that receive a revised claim form will have 90 days from the mailing of the revised form to submit their claim form or to challenge their estimated cash payment.
In order to make it easier for class members to verify the accuracy and completeness of their estimated cash payment and make an informed decision to accept or challenge their cash payment, we have added a feature to the claims distribution website, http://www.inrevisacheckmastermoneyantitrustlitigation.com. This feature allows class members to view the purchase volume and store location detail that was used in calculating their estimated cash payment. Class members can access their information via a secure connection by logging onto the website at the “Personalized Detailed Explanation of Your Individual Estimated Recovery” page and then selecting the “Consolidation Detail” option.
Assistance with this feature or any other aspect of the claims process is available by calling 1-888-641-4437 or visiting the case website at http://www.inrevisacheckmastermoneyantitrustlitigation.com.