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Court rejects landmark application for £14bn group action against MasterCard on group certification in Freshfields win

July 21, 2017, Legal Business

Elaine Whiteford is quoted in a Legal Business article regarding the Competition Appeal Tribunal's decision to block a £14bn class action lawsuit against MasterCard from proceeding. According to Whiteford, "From a perspective of funding of claims, the judgment is encouraging as it clarifies a funders’ uplift can be paid from undistributed damages," one of MasterCard’s arguments, which would have made funding much more difficult had it succeeded. "However, given this is a new regime, I am slightly surprised the judge didn’t invite the applicants to provide further detail in the first instance, as it did in the previous application under the new regime."

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