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Class Action Lawsuit for Auction

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Class Action Lawsuit for Auction



Price: Not Specified

Other Item Info
Item #: debke_180586
Created: 10/09/2020
Category: Business Property > Financial > Other
Sale Date: Thu. Dec 10, 2020
Seller Info
Peter J. Keane
Trustee's Attorney
919 North Market Street, 17th Floor
Wilmington, DE 19801
302-652-4100
Bankruptcy Info
Case #: 1:20-bk-10553
Case Title: Art Van Furniture, LLC
Court: Delaware Bankruptcy Court
Chapter: 7
View Case Docket

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Description

Auction Sale of all rights, title, and ownership interest of any kind, now existing or arising hereafter, to which seller's estates may be entitled, arising in any way or form, from the Class Action Interchange Litigation, or the operative facts alleged in the Class Action Interchange Litigation, including but not limited to the right to monetary benefits, or benefits that may be monetized, from settlements, judgments, or any other form of resolution of the Class Action Interchange Litigation or the operative facts alleged therein.

The Class Action Interchange Litigation and Proposed Settlement: On October 20, 2005, the case styled In re Payment Card Interchange Fee and Merchant-Discount Antitrust Litigation (Case No. 1:05-md-01720-JG-JO) (the “Class Action Interchange Litigation”) was commenced in the United States District Court for the Eastern District of New York (the “Eastern District Court”) by numerous merchants, retailers and trade associations (collectively, the “Plaintiffs”) against, among other entities, Visa U.S.A. Inc. (“Visa”) and MasterCard International Inc. (“MasterCard”, and collectively with all other named defendants in the Class Action Interchange Litigation, the “Defendants”). Pursuant to the lawsuit, the Plaintiffs claim that since January 1, 2004, the Defendants conspired to unlawfully fix the price of “interchange fees”2 and other fees charged to merchants for transactions processed over the Visa and MasterCard networks.


Additional Details

  1. The Auction shall take place telephonically and/or via Zoom videoconference on December 10, 2020 at 10:00 a.m.
  2. Sale Hearing Held on December 18, 2020.
  3. Bid Increment: $50,000.00
  4. Bid Deposit: 10% of the Purchase Price
  5. Bid Deadline: December 4, 2020
  6. Last date to respond: December 11, 2020


Other Information

Terms and Conditions:

See Attached.


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