Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to bring a 14 billion-pound ($17.2 billion) class-action lawsuit told a London court.
"It is difficult to be able to see why Mastercard should be able to prey on millions of people, what’s more without these people knowing they were being injured," the customers layer said.
In court documents, Mastercard said the suit should be rejected because the level of damages is "impossible to assess on any reliable basis." The awards allocated to individuals would also "bear no reasonable relationship to their actual loss," the company said.
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