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GCR

22 March 2023

CAT rejects Mastercard’s counterfactual defence in Merricks class action (Subscription Required)

The UK’s Competition Appeal Tribunal has banned Mastercard from putting forward a counterfactual defence against Walter Merricks’ class action that would have reduced the credit card company’s potential damages liability.

Law360

21 March 2023

Mastercard Blocked From Exemption Defense In £14B Fee Suit (Subscription Required)

Mastercard cannot trim a £14 billion ($17.1 billion) class action over its swipe fees by arguing it could have lawfully charged an alternative rate, but it can rely on a defense that a raft of the claims are time-barred, a U.K. competition tribunal ruled Tuesday.

The Times

10 December 2022

Mastercard court case could make us all £300 richer

About 46 million shoppers could be in line for a payout worth up to £300 each if a former financial services ombudsman is successful in bringing a landmark claim against Mastercard.

Reuters

29 November 2022

Mastercard loses UK ruling on three million dead claimants in $12 bln case

LONDON, Nov 29 (Reuters) - Mastercard (MA.N) lost an appeal in a London court on Tuesday against a ruling in a 10 billion pound-plus ($12 billion-plus) collective action that allows the claims of around three million people who have died since the lawsuit began to continue.

Evening Standard

29 November 2022

Mastercard loses UK appeal to exclude three million dead claimants from lawsuit

Mastercard has lost an appeal Tuesday against a ruling in a £10 billion collective suit, allowing the claims of around three million deceased customers to continue.

GCR

10 March 2022

Tribunal allows expanded class in Merricks claim against Mastercard

The UK’s Competition Appeal Tribunal has confirmed that Walter Merricks can seek damages from Mastercard on behalf of the approximately three million people that have died since first filing his opt-out class action claim against the company five years ago.