Legal News

Discovered Emails Between Opposing Lawyers May Ruin Settlement
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Visa MasterCard

Summary: Billion dollar settlements between merchants and major card companies MasterCard, Visa, and American Express are coming undone after communication was discovered between the opposing lawyers.

Emails have been discovered between close friends and opposing lawyers in a contentious $6 billion class-action antitrust settlement. Keila Ravelo represented MasterCard Inc. in the antitrust case against merchants over the setting of interchange fees for consumers that use debit or credit cards. Gary Friedman represented the merchants in the case.

  
What
Where


Ravelo and Friedman were colleagues earlier in their careers. During the time of the class-action Ravelo was a partner at Willkie Farr & Gallagher LLP. Friedman was with the Friedman Law Group LLC. Willkie Farr was the one to discover the emails.

The merchants, including stores like Wal-Mart, Home Depot, and 7-Eleven, will formally announce that they will undo the pact. They argue that the discovered communications between the lawyers included confidential information, making the representation they received by the lawyer inadequate.

Another settlement between American Express Co and most of the same merchants for $79 million will probably come unraveled as well. Friedman represented the merchants in both cases. He earned a $32 million fee in just the Visa-Mastercard case. Now the merchants want to see that money returned to the settlement fund.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The new law firm representing MasterCard noted that they emails “indicate that its former partner and Mr. Friedman may have violated protective orders, improperly disclosed confidential information and otherwise made improper and inappropriate communications.”

Source: http://www.cspnet.com/category-news/services/articles/emails-could-tank-already-contentious-swipe-fee-settlement



Photo: wsj.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Trial Attorney with 3-5 years of pleading experience

USA-WA-Seattle

Seattle office of our client seeks litigation trial attorney with 3-5 years of experience. The candi...

Apply Now

Corporate Attorney with mergers and acquisitions experience

USA-CA-Los Angeles

Los Angeles office is seeking a corporate attorney with 1-6 years of M&A, corporate finance, securit...

Apply Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Litigation Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks litigation associate attorney with 4-5 years of experience. The...

Apply Now

RELEVANT JOBS

ASSOCIATE ATTORNEY

USA-TX-Houston

INSURANCE DEFENSE / TRANSPORTATION LITIGATION Law firm located in North Houston seeking an associ...

Apply now

Legal- Disbursal Manager

USA-NV-Las Vegas

Prestigious Personal Injury Law Firm seeks Disbursal Manager Qualified individuals need to have p...

Apply now

Legal- Disbursal Manager

USA-NV-Las Vegas

Prestigious Personal Injury Law Firm seeks Disbursal Manager Qualified individuals need to have p...

Apply now

Litigation Associate

USA-LA-Shreveport

A well-established AV rated defense firm seeking an experienced associate with 1-5 yrs experien...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top