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April 16, 2019

UK Appeals Court Revives Record-Breaking Class Action

According to Law360, the U.K. Court of Appeal has revived a proposed £14 billion ($18.3 billion) class action against Mastercard that was previously dismissed in 2017.

The lawsuit, which would set a record for damages, alleges the company was charging high fees that were passed on to consumers. The story says it was dismissed by the Competition and Appeals Tribunal in 2017 because “there was too great a disparity in the swipe fees that merchants passed along to consumers to allow the action to proceed en masse.” It was one of the first cases to be filed under the U.K.’s class action system, which was created in 2015.

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