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July 25, 2019

UK Supreme Court To Hear Massive Mastercard Case

The UK Supreme Court announced today that it will hear Mastercard’s appeal of a £14 billion ($17.5 billion) class action lawsuit that has huge implications for the country’s legal system.

In April, the UK Court of Appeal revived the lawsuit after it was dismissed by the Competition Appeal Tribunal (CAT) two years ago. The CAT said the lawsuit failed to meet the class certification standards outlined by the UK’s relatively new class action mechanism. However, the Court of Appeal reversed that ruling.

In an op-ed, U.S. Chamber Institute for Legal Reform President Lisa A. Rickard said “[i]f  the appellate decision in the Mastercard case is allowed to stand, the UK will have a system that is as bad, if not worse, than the American system.”

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