The settlement stems from a 2005 lawsuit that alleged merchants paid excessive fees to accept Visa and Mastercard credit cards, and that Visa and Mastercard and their member banks acted in violation of antitrust laws.
Mitch Goldstone, CEO and owner of the film scanning business Scan My Photos, and lead plaintiff in the lawsuit, said it has been difficult to get the news out to small businesses so they can file a claim in the settlement.“Most eligible merchants still haven’t filed their claims, despite my efforts — such as helping design a user-friendly claim form with a simple QR barcode,” he wrote in an email. “It’s frustrating, considering it only takes a minute to file.
Union lawyers grilled a pension expert in a New Brunswick court on Friday, part of a bigger battle to overturn a law passed by the Higgs Progressive Conservative government to convert the retirement plans of 16,000 public workers and retirees to something cheaper for taxpayers.