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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.
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.
10 December 2022
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.
29 November 2022
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.
29 November 2022
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.
10 March 2022
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.