Saturday, 22 July 2017

Master Win for MasterCard

The MasterCard Case: what's it all about you Breakinglawyers? See http://www.breakinglaw.co.uk/2016/11/make-note-18-january-2017.html  And having seen it, take the champagne off ice and try and give it to the next door neighbour in return for him mowing your lawn. The Competition Appeal Tribunal ruled yesterday that the collective proceedings for compensation against MasterCard which Walter Merricks wished to bring on behalf of 46 million consumers could not proceed. The claim was not suitable to be dealt with in this way because of difficulties in ascertaining any aggregate loss which may have been suffered by so many people and, quite apart from that, because of difficulties in dividing any aggregate amount proved among so many consumers so that each of them would end up being compensated for actual loss they had suffered. 

Many onlookers will have been surprised by the decision. Certainly, Walter Merricks was surprised and is considering an appeal. We shall see and keep you informed. Perhaps hold on to the champagne for a bit longer and I'll pop round and mow your lawn (if you buy my book).