Judge Likely to Reject $30 Billion Visa, Mastercard Fee Deal (3)

A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation.

US District Judge Margo Brodie in Brooklyn, New York said at a hearing Thursday that she probably won’t approve the deal, according to a transcript of the hearing. Brodie hasn’t officially ruled, but said she would “issue a written decision” in coming days, according to a summary of her comments in court on Thursday.

“My inclination is, and this is how I had started drafting ...