Diana Uhimov, September 3, 2014. Class-action lawsuits can be a powerful tool for employees and consumers against major corporations, as proven by the massive $7.25 billion Visa and MasterCard antitrust settlement of 2012. A consumer class action is a case where plaintiffs who purchased a product or service from a defendant claim that they suffered damages as a result of fraud, product defect, or other information failure.  The class of plaintiffs in the Visa/MasterCard suit consisted of retailers and individuals alleging the credit-card companies engaged in anticompetitive activity by…

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