£14B MasterCard Antitrust Suit To Test UK Class Action Law

By Eric Kroh (September 22, 2016, 6:55 PM EDT) -- U.K. consumers have hit MasterCard with a £14 billion ($18.2 billion) antitrust suit in London's competition court in one of the first cases to test-drive the country's recently rolled out collective action procedures, and attorneys will be watching the proceedings closely for guidance on the new regime.

The class action seeks compensation for roughly 46 million U.K. consumers who allegedly overpaid from 1992 to 2008 as a result of anti-competitive interchange fees that MasterCard imposed on credit and debit card transactions. (Credit: AP) Shoppers allege they overpaid on credit and debit card transactions from 1992 to 2008 because of anti-competitive interchange...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!