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What is it about?
The lawsuits allege that, beginning in 2007, defendants Discover Financial Services, DFS Services LLC, and Discover Bank (together, “Discover”) misclassified certain Discover-issued consumer credit cards as commercial credit cards, which in turn caused merchants and others to incur excessive interchange fees. Discover denies the claims in the lawsuits, and the Court has not decided who is right or wrong. The parties have agreed to the settlement to avoid the expense, uncertainty, and risks associated with litigation. The proposed settlement, if approved, would resolve these lawsuits and provide benefits to Settlement Class Members, including those who submit claims and do not exclude themselves.…[ Read more ] [ Hide ]
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Who is eligible to file a claim?
The “Settlement Class” is defined as: All End Merchants, Merchant Acquirers, and Payment Intermediaries involved in processing or acceptinga Misclassified Card Transaction during the period from January 1, 2007 through December 31, 2023. Excluded from the Settlement Class are certain people and entities listed on Exhibit A to the Settlement Agreement.…[ Read more ] [ Hide ]
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Why Macmoor Capital?
Macmoor Capital is a Claims management firm with expertise in class action claims recovery. We’ve successfully helped our clients claim millions of dollars in refunds!…[ Read more ] [ Hide ]
If you would like to see if your business qualifies, simply enter your information below and sign at the bottom and one of our claims specialists will contact you today. We don’t require any personal information and this will not require any work from you.