The Canadian Supreme Court of British Columbia certifies a competition law class action subject to a requirement for the plaintiff to redraft her pleadings to conform to several key court holdings (Watson / Bank of America)

BC Court Certifies Visa/MasterCard Conspiracy Class Action* In an interesting and important decision issued late last week, the British Columbia Supreme Court has certified a Competition Act class action against Visa Canada Corporation, MasterCard International Inc. and a number of major banks (including Bank of America, BMO, Bank of Nova Scotia and CIBC) (Watson v. Bank of America Corporation, 2014 BCSC 532). In this case the plaintiff seeks to represent two classes of Canadian merchants who accepted payments for goods or services by way of Visa and MasterCard credit cards from 2001 to the present. At issue in the case are “default interchange fees” and other interchange fees paid by merchants to accept Visa and MasterCard credit cards, as well as certain “network rules” established

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  • Steve Szentesi Law Corporation (Vancouver)

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Steve Szentesi, The Canadian Supreme Court of British Columbia certifies a competition law class action subject to a requirement for the plaintiff to redraft her pleadings to conform to several key court holdings (Watson / Bank of America), 27 March 2014, e-Competitions Bulletin March 2014, Art. N° 65009

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