Earlier this year, the Competition Appeal Tribunal (CAT) issued its hotly anticipated judgment on whether to certify the £14bn opt-out damages action brought by Walter Merricks CBE against MasterCard under the UK's nascent competition collective redress regime. In this article, Stephen Wisking, Kim Dietzel and Molly Herron consider the CAT's decision to refuse certification and its implications for third party funding of such actions.
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