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The highly anticipated UK Supreme Court decision in Lloyd v. Google has brought into focus (1) the operation of the United Kingdom’s collective redress regime brought under the civil. ....
After protracted challenges to class certification status, in Merricks v Mastercard the U.K. Competition Appeal Tribunal (CAT) granted its first collective proceedings order (CPO). The. ....
Mastercard suffers legal setback in European interchange battle americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Mastercard may have to pay billions in UK class action by Danica Kirka, The Associated Press Posted Dec 11, 2020 12:31 pm EDT Last Updated Dec 11, 2020 at 12:42 pm EDT LONDON Mastercard could have to pay U.K. consumers as much as 14 billion pounds ($18.5 billion) after the country’s Supreme Court allowed a class-action lawsuit against the credit-card company to move forward. The Supreme Court on Friday ordered a competition tribunal to reconsider its decision to block a lawsuit alleging that Mastercard overcharged businesses that accepted the company’s credit and debit cards. These fees were then passed on to consumers in the form of higher prices, the suit claims. Mastercard does not accept that merchants passed on all or any part of any overcharge to their customers. ....