Statements & Trial Updates

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As events develop, MasterCard will add updates and statements about the issues raised by the Merchant lawsuit.

December 22, 2003 — "MasterCard International is glad that Judge John Gleeson upheld as fair the agreement settling all claims in the class-action antitrust lawsuit brought against MasterCard and Visa in 1996 by merchants in the United States."

December 03, 2003 — "Wal-Mart's decision not to accept MasterCard signature debit cards confirms what was always the biggest threat of the merchant lawsuit — that it would take choice about how to pay for goods and services away from consumers and place it firmly in the grip of big retailers."

September 25, 2003 — "Today's fairness hearing is the final stage in the approval process for the settlement reached between MasterCard International and the plaintiffs in the merchants' class action lawsuit."

August 04, 2003 — "Restrictions of this nature take away members' freedom to choose, and are inappropriate and antithetical to free markets."

June 05, 2003 — MasterCard International today announced that it has signed the final settlement agreement with merchants settling all claims against it in the class-action antitrust lawsuit brought against MasterCard and Visa in 1996 by merchants in the United States.

April 30, 2003 — MasterCard International today announced that it has signed a memorandum of understanding, subject to the execution of a final settlement agreement, to settle claims against it in the class-action antitrust lawsuit brought against MasterCard and Visa in 1996 by merchants in the United States.

April 01, 2003 — "While MasterCard is, of course, disappointed by U.S. District Court Judge John Gleeson's ruling denying our motion for summary judgment, we are pleased that he has denied plaintiffs' claims that MasterCard's Honor All Cards rule is per se illegal."

March 14, 2003 — MasterCard International today asked U.S. District Court Judge John Gleeson to sever the plaintiffs' claims against MasterCard in the Wal-Mart antitrust suit against MasterCard and Visa scheduled to go to trial on April 28 in Brooklyn, NY, and order separate trials.

January 10, 2003 — "MasterCard and Visa today had the opportunity to tell federal district court Judge John Gleeson that, as a matter of law, the merchant antitrust lawsuit led by Wal-Mart should be dismissed prior to trial."

December 13, 2002 — "In a supplemental brief filed with the court today, MasterCard asked Judge John Gleeson to dismiss the Wal-Mart antitrust litigation prior to trial, on the basis that the retailers' claims are legally and factually deficient, and do not merit being presented to a jury."

November 14, 2002 — "The release by a federal judge of certain documents in the long-running litigation between Master Card and retailers in the United States confirms that the merchants' suit against MasterCard's honor all cards policy and its debit program is without merit."

June 10, 2002 — "MasterCard is disappointed by the U.S. Supreme Court's decision not to review the Second Circuit Court of Appeal's decision upholding a grant of class certification in the antitrust lawsuit brought against MasterCard and Visa by a group of U.S. merchants."

April 03, 2002 — "MasterCard today asked the U.S. Supreme Court to review last fall's split decision by the U.S. Second Circuit Court of Appeals for the Second Circuit, upholding a grant of class certification in an antitrust suit against MasterCard and Visa."

October 18, 2001 — " MasterCard strongly disagrees with the majority opinion issued yesterday by a panel of the Second Circuit Court of Appeals upholding the grant of class certification in the merchant antitrust action."

February 05, 2001—"MasterCard was pleased to have this opportunity to present our arguments for reversal of the grant of class certification before the Second Circuit Court of Appeals."