We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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

Law360, New York (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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.