UK's Top Court Paves Way For £14B Mastercard Class Action

By Paige Long and Richard Crump (December 11, 2020, 10:13 AM GMT) -- Britain's highest court cleared the way Friday for a £14 billion ($18.5 billion) proposed consumer lawsuit against Mastercard over its merchant swipe fees to go ahead as a class action, endorsing a more lenient test for deciding whether an antitrust suit merits collective status.

The U.K. Supreme Court handed down a landmark decision Friday paving the way for a £14 billion consumer class action against Mastercard over antitrust claims. (AP Photo/Richard Drew) The U.K. Supreme Court upheld a Court of Appeal decision reviving the case after a specialist antitrust tribunal refused to grant class status based on concerns that the claimants...

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