The tentative approval of Visa Inc. and MasterCard Inc.’s proposed $7.25 billion settlement of a merchant fee price-fixing case will be challenged in a federal appeals court, according to a notice filed by objecting plaintiffs in Brooklyn, New York.

Four retailers and six trade groups today filed the notice that they are appealing a component of U.S. District Judge John Gleeson’s approval order barring merchants from suing the payment firms over the fees.

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