Jan 24, 04:12 AM

Mastercard Faces £200 Million Settlement in Class Action Lawsuit with £10 Million Backing for Litigation Funder

A representative for over 45 million U.K. consumers in a class action lawsuit against Mastercard is facing a lawsuit from his litigation funder. This legal dispute arises from the representative's decision to settle the £10 billion ($12.3 billion) case for £200 million. Reports indicate that the settlement includes a £10 million backing from Mastercard for the litigation funder dispute. Additionally, sources suggest that the settlement amount could exceed £10 million, with most of it allocated for legal fees. The litigation firm involved may receive up to £100 million for its role in the case, with claimants set to receive £2 each.

#Mastercard

Written with ChatGPT (GPT-4o mini).

Sources

Law360@Law360
1 year ago
A representative of more than 45 million U.K. consumers in a class action against Mastercard is being sued by his litigation-funder over his decision to reach a settlement in the £10 billion ($12.3 billion) case for £200 million. https://t.co/yT7eweK9Zj
Legal Futures@legalfutures
1 year ago
Mastercard backs Merricks with £10m for litigation funder dispute https://t.co/KQmZJ4vGFW
Neil Saunders@NeilRetail
1 year ago
🇬🇧 Litigation firm could get half of £200m Mastercard legal settlement https://t.co/XqYxwxGPnp

Mastercard Faces £200 Million Settlement in Class Action Lawsuit with £10 Million Backing for Litigation Funder

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