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Mastercard settlement’s fate will instruct on role of UK mass claim funders

By Simon Zekaria ( January 7, 2025, 15:37 GMT | Comment) -- UK competition judges' upcoming assessment of a settlement agreed between Mastercard and Walter Merricks over his card-fee collective claim is set to clarify the status of third-party funders behind such actions. The settlement last month — reported as a small fraction of the claimant's original valuation of compensation owed — was challenged by the funder and sparked a startling war of words with Merricks' lawyers. Funders of UK collective claims are set to see their role and influence affected by competition judges' upcoming examination of a recently agreed settlement in one closely watched action....

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