Mastercard Urges Appeals Court To Reject £14B Class Action
Law360, London (February 6, 2019, 7:32 PM GMT) -- Mastercard Inc. told an English appeals court Wednesday that a panel of specialist antitrust judges was right to toss a multibillion-pound proposed class action lawsuit over its credit card charges because the consumers could not prove the amount of alleged damages on a sound basis.
Lawyers for Mastercard told the Court of Appeal that a competition tribunal applied the correct test when it blocked a so-called collective proceedings order seeking £14 billion ($18.1 billion) in damages on behalf of 46 million claimants over fees imposed whenever customers pay using plastic.
Mark Hoskins QC, representing Mastercard, said at the appeal hearing that...
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