Ronit Kreisberger QC and Nikolaus Grubeck are instructed by Quinn Emanuel as lead counsel in a £2.3bn landmark class action claim being brought in the Competition Appeal Tribunal (CAT) against META (formerly Facebook Inc.) for alleged abuse of dominance and imposition of unfair terms and prices on users.
The claim will be pursued under the Consumer Rights Act 2015 on behalf of around 44m UK consumers. The Act enables an opt-out collective damages claim to be brought on behalf of a class of people who have suffered loss. Under the rules laid down in the Act, all UK users of Facebook between at least 2015 and 2019 now living in the UK will automatically become part of the group of claimants unless they explicitly opt-out. This means that, once the claim is filed, no action will be required by individuals as
they will automatically be eligible to receive compensation at the conclusion of the claim
For the Quinn Emanuel’s press release please click here.
Media coverage includes: CITY.A.M; Daily Express; Reuters; The Global Legal Post