UK's Infant Class Action Regime Gets Lift From Swipe Fee Suit
Law360, London (April 29, 2019, 10:31 PM BST) -- The Court of Appeal's decision to revive a £14 billion ($18 billion) antitrust class action against Mastercard offers the first major precedent guiding lawyers and lower courts about how to apply the U.K.'s fledgling collective action regime, significantly lowering the bar for certification in the process.
The suit claims that 46 million British consumers paid higher prices in shops over a 16-year period because of excessive credit card fees charged by Mastercard Inc. (AP)
The decision was a dramatic reversal for the four-year-old regime designed to make it easier for consumers and small businesses to recover damages in competition cases.
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