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Violation Tracker Individual Record

Company: MasterCard Inc.
Current Parent Company: MasterCard
Penalty: $72,480,000
Year: 2009
Date: October 22, 2009
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: MasterCard agreed to pay about $72 million as its part of a $336 million settlement of litigation alleging that credit card companies conspired to fix foreign currency conversion fees: (click here)
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:01md1409
Case Name: In re: Currency Conversion Fee Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.