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Mastercard-Merricks UK class-action settlement's fallout risks being very messy

By Simon Zekaria ( May 23, 2025, 15:58 GMT | Comment) -- The rancorous fallout of Mastercard's modest settlement with Walter Merricks in his UK class action against the card giant over card fees has set off concerns for the collective-action regime that were reignited this week with publication of judges' full assessment of the deal. The Competition Appeal Tribunal says the case has “exceptional circumstances” that made it a reasonable outcome, but there are likely to be far-reaching impacts.UK competition judges this week issued their full judgment on a landmark settlement in Mastercard's near decade-long wrangle over a mass damages claim. While they explain and flesh out detail on approval for the deal they gave orally in March, it likely won't end enduring rancor over the terms....

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