fbpx
News
July 29, 2019

Earlier Decision “Completely Unsuitable” For UK Class Action System, Mastercard Says

A Mastercard spokesman told The Telegraph that the huge class action lawsuit revived by the UK Court of Appeal “is completely unsuitable to be brought under the collective actions regime.”

The UK Supreme Court announced last week that it will hear the company’s challenge to the £14 billion ($17.1 billion) class action. In 2017, the Competition Appeal Tribunal dismissed the case, saying it did not meet the standards required by the country’s new class action system. Earlier this year, though, the UK Court of Appeal revived it.

U.S. Chamber Institute for Legal Reform President Lisa A. Rickard said in an earlier op-ed that the case represents the “heart of the Consumer Rights Act,” which established class action litigation in the UK, and warns of an impending “litigation monster” if the appellate court decision is upheld.

Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Image of the UK Supreme Court Blog An Update on the Current UK Litigation Landscape: Podcast Review International Initiatives Blog American and European Business Groups Release Joint Statement in Support of EU TPLF Regulation  International Initiatives Blog Third Party Litigation Funding: Buying Trouble Across the Globe International Initiatives, Third Party Litigation Funding (TPLF) Australia Blog Proposed Class Action Reforms In Australia Cause Funders And Lawyers To Race To File Cases International Initiatives, Third Party Litigation Funding (TPLF)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings