SECOND 'RETURN OF BREAKING LAW' UPDATE
Chapter 41 of my latest book covered the collective claim against Mastercard now put at £15 billion - yes, I did say £15 billion- on behalf of 46 million UK customers who between 1992 and 2008 paid more for their goods and services as a result of an unlawful Mastercard practice. That practice is said to have put up the price of those goods or services for the 46 million whether or not they - and this could be you or even little me -actually used a Mastercard credit or debit card on any transacation.
The contested claim failed before the Competition Appeal Tribunal. But the failure was reversed by the Court of Appeal whose reversal was backed by the Supreme Court which sent the claim back to the Tribunal to reconsider it. That it has now done and in a judgment published today 18 August 2021 the Tribunal has changed its mind and has made a collective proceedings order - the first ever - which will allow the claim to go ahead. An attempt to include deceased persons among the claimants was unsuccessful.
Watch this space for more details of how the claim will proceed and whether you can expect a payout for a bottle of champagne (or a case) or a glass of water and when.
