Bloomberg – 7/18/14: Visa Inc. (V) and MasterCard Inc. (MA) lost their bid to dismiss more than 30 lawsuits by retailers seeking potentially billions of dollars in damages over fees for processing transactions. Merchants including Target Corp. (TGT) and Macy’s Inc. (M) pursued their cases after dropping out of an earlier $5.7 billion settlement over the charges known as swipe fees. Today, a federal judge in Brooklyn, New York, refused to throw out those lawsuits. He also rejected Visa’s request to dismiss a similar lawsuit filed by Wal-Mart Stores Inc. (WMT) seeking at least $5 billion in damages.
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