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Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington.

Visa, MasterCard Strike Back at Swipe-Fee Settlement Foes

Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees.The world's largest payment networks asked a federal judge Friday to rule that their practices for setting fees paid by merchants that accept credit and debit cards aren't anticompetitive, which could limit the type of lawsuits retailers could bring against the companies in the future.Such a ruling is "necessary to prevent the continuation of endless, wasteful litigation" between merchant trade groups and Visa and MasterCard, the companies said in a complaint seeking declaratory judgment filed in U.S. District Court in Brooklyn.Several large banks, including Bank of America Corp. (BAC), J.P. Morgan Chase & Co. (JPM) and Citigroup Inc. (C), also were named as plaintiffs in the new complaint. The complaint was filed against the National Association of Convenience Stores, National Association of Truck Store Operators, National...

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