NEW YORK, Nov. 9 /PRNewswire/ -- The following statement is being issued by
Constantine Cannon LLP regarding the In re Visa Check/MasterMoney Antitrust
Litigation.
Dear Merchants,
Constantine Cannon LLP, Lead Counsel for U.S. merchants in the In reVisa
Check/MasterMoney Antitrust Litigation, CV 96-5238, advises the class as
follows:
On November 6, 2009, the Court approved Lead Counsel's proposal to make a
distribution of residual settlement funds. As outlined in Lead Counsel's
October 9, 2009 proposal, the distribution would be primarily funded from the
proceeds of the prepayment deals recently approved by the Court and would
include payment of residual monies remaining in the settlement funds after
accounting for the payment of all approved claims.
The distribution payments will be made on a pro rata basis to class members
who received and cashed their checks for signature debit, PIN debit, and
credit card overcharges. Lead Counsel anticipates mailing distribution checks
within four weeks, or by December 7, 2009.
The Order approving the distribution is available on the case website,
www.inrevisacheckmastermoneyantitrustlitigation.com. The Order is also
available at Lead Counsel's website, www.constantinecannon.com.
Details concerning merchant rights under the Settlement are available on the
case website by clicking on the sidebar option entitled "Merchant/Class Member
Rights Under the Settlement." You may also call 1-888-641-4437 for additional
assistance.
Sincerely,
CONSTANTINE CANNON LLP (formerly Constantine & Partners)
Lead Counsel for the Class
Counsel@InReVisacheckMastermoneyAntitrustLitigation.com
SOURCE Constantine Cannon LLP
Jason Enzler of Constantine Cannon LLP, +1-202-204-3503
