Eleanor Leedham reports on lessons learned from Mr Merricks’ multi-billion-pound action against Mastercard: what could this mean for other collective proceedings?
- The Competition Appeal Tribunal (CAT) ruled in March that Mr Merricks’s arguments on the domicile date and an amendment application in his ongoing action against Mastercard had been successful.
- The UK landscape for opt-out actions continues to emerge, with five more opt-out collective claims certified by the CAT since Mr Merricks’s claim began in August 2021.
In March this year, the UK’s Competition Appeal Tribunal (CAT) determined that around three million deceased persons are automatically part of a class of 46 million on whose behalf Mr Walter Merricks, former head of the Financial Ombudsmen Service, is claiming paid higher prices because of excessive fees charged by Mastercard. Each member of the class could potentially receive around £300, should Mr Merricks succeed in the proceedings.
Getting up to date
The CAT’s judgment on consequential matters (1266/7/7/16 Walter Hugh Merricks v Mastercard Incorporated and Others [2022] CAT 13) follows
.tmb-mov69x69.png?sfvrsn=9a8f1ea9_1)
