Landmark UK collective action against MasterCard

Case is assisting in a landmark consumer collective action under the Consumer Rights Act 2015 against MasterCard filed earlier this month at the Competition Appeal Tribunal (CAT) in London. Walter Merricks v MasterCard is the “biggest action in UK legal history” and the first UK style “class action”.  It is a follow-on action arising from the European Commission’s MasterCard decision of 2007 which found that MasterCard had charged excessive interchange fees.  The action is on behalf of over 42 million individuals claiming damages of around £14 billion (US$18.2 billion).  Case Associates is assisting litigation lawyers Quinn Emanuel in the action which is funded by Gerchen Keller Capital LLC, the world’s largest litigation funder, providing up to £40 million to cover legal and other costs. A summary of the application to commence legal proceedings can be found on the CAT’s website, and further details of the action are set out in Quinn Emanuel’s Press Release.

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