Mastercard settlement approved by UK court despite funders' opposition https://t.co/r8vz9rX8sj
$MA Mastercard Wins UK Court Approval For $253M To End Class Action Lawsuit Over The Fees It Charges, Lawsuit Was Initially Estimated To Be Worth More Than $12.6B https://t.co/iDQYZaGeKd
Mastercard wins a London court’s approval for the £200 million agreed to pay to end a high profile class action over the fees it charges, which was initially estimated to be worth more than £10 billion https://t.co/iECSHN7pDA
Mastercard has received approval from a London court for a £200 million ($253 million) settlement to resolve a high-profile class action lawsuit concerning its fees. The lawsuit, which was initially estimated to be worth over £10 billion ($12.6 billion), faced challenges from funders but ultimately was approved despite their opposition. The Competition Appeal Tribunal argued that the settlement does not need to be perfect to gain approval. This ruling comes amid ongoing scrutiny of class action funding in the UK legal system.