In 2005, merchants filed suit against Visa, Inc., and MasterCard, Inc. alleging the companies conspired to fix credit card swipe fees. Eight years later, the parties in In re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation reached a $5.7 billion settlement, one of the largest antitrust settlements in U.S. history. Class plaintiffs subsequently filed a motion for $570 million in attorneys’ fees, 10 percent of the settlement figure. In ruling on the motion, U.S. District Court Judge John Gleeson noted the case’s size, duration and complexity, as well as the fact that the plaintiffs were not merely piggybacking off an action brought by government regulators. Reasoning that “those risks could have meant the end of the litigation with no recovery for class members and no fee for counsel,” Judge Gleeson awarded $544.8 million in attorneys’ fees and $27 million in expenses.