A closely divided UK Supreme Court ruled that the specialized court established to hear class actions improperly dismissed one of the first cases before it, a proposed $19 billion lawsuit against Mastercard, although whether the massive action proceeds to trial is subject to further litigation.
In an unusual 3:2 decision where the deciding vote was cast by a deceased justice, the UK’s highest court agreed with an appeals court that the Competition Appeal Tribunal incorrectly determined the Mastercard case wasn’t suitable for collective action treatment. The lawsuit seeks damages on behalf of every adult consumer in the UK between 1992 and 2007, some 42 million people, over alleged excessive interchange fees banks charge merchants.
Joanna Cherry: Brexit is over - now it s Scotland s turn to take back control
thenational.scot - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenational.scot Daily Mail and Mail on Sunday newspapers.
Wall Street set to drop as stimulus doubts resurface
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
To print this article, all you need is to be registered or login on Mondaq.com.
2020 has been a year of change and challenges. In this uncertain
environment, corporate litigation has remained active, with
disputes being heard electronically and digitally, as opposed to in
court rooms.
In this article, we outline trends that have affected Canadian
corporate litigation, highlighting risks to corporations and their
directors and officers.
1. Caremark claims coming soon to Canada?
In the United States, there has recently been an increase in Caremark claims, with five such claims being allowed to
proceed in Delaware in the past two years
Mastercard to face $18 5-billion class action in U K after landmark court ruling
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.