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English Competition Appeals Tribunal to Reconsider £14 Billion Class Action Against MasterCard

May 13, 2019, Covington Alert

England’s Court of Appeal has decided that the Competition Appeals Tribunal (the "CAT") erred in rejecting certification of former financial ombudsman Walter Merricks’ class action against MasterCard, for £14 billion. As a result, the CAT will now reconsider whether to certify the class.

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