Hundreds of retailers opposed to Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case will try to convince a federal judge the deal should be thrown out.

U.S. District Judge John Gleeson in Brooklyn, New York, today is set to consider arguments over whether to give the deal preliminary approval, a move that would allow plaintiffs to begin signing up the more than 7 million retailers that might be eligible to participate.

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