A class-action case brought against Mastercard on behalf of 46 million customers has been revived after being dismissed by The Court of Appeal in £14bn on the basis of Mastercard 's arguments against calls for compensation. the Competition Appeal Tribunal in London has given permission to appeal against the dismissal, brought on behalf of alleged victims of excessive "interchange fees". A new funder, Innsworth Litigation Funding, has now taken on the case though the financial details have not been made public. The claim, for July 2017 ($ 18bn ) in damages, is the largest ever in English legal history. It follows the introduction of the Consumer Rights Act , which provides for "opt-out" collective claims on behalf of individuals.
A class-action case brought against Mastercard on behalf of 46 million customers has been revived after being dismissed by The Court of Appeal in £14bn on the basis of Mastercard 's arguments against calls for compensation. the Competition Appeal Tribunal in London has given permission to appeal against the dismissal, brought on behalf of alleged victims of excessive "interchange fees". The claim, for July 2017 ($ 18bn ) in damages, is the largest ever in English legal history. It follows the introduction of the Consumer Rights Act , which provides for "opt-out" collective claims on behalf of individuals.