Credits: 2018, Bloomberg Class Action Craze: MasterCard Faces Another Multi-Billion Pound Suit
The recent spike in class actions has met a wave of scrutiny, with MasterCard arguing that the claim "is not about helping U.K. businesses" but about lawyers and their backers "out to make money".
February 24, 2023 at 12:01 AM
4 minute read
Payment giants Mastercard and Visa could be facing a compensation claim of around £7.5 billion as litigation law firm Harcus Parker seeks to recoup fees it says hundreds of British businesses have been unfairly charged.
The action, being brought by the London-based law firm at the Competition Appeal Tribunal, could be one of the biggest class actions in U.K. history if it goes ahead.
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