Mastercard settlement in UK card-fees mass lawsuit approved by CAT
( May 20, 2025, 11:19 GMT | Official Statement) -- MLex Summary: A settlement with Mastercard in the UK over a landmark card-fee mass claim has been approved by the Competition Appeal Tribunal. Last year, class representative Walter Merricks and Mastercard reached a settlement worth 200 million pounds — a fraction of the lawsuit's original valuation, which ran into the billions. The court ruling today confirms an oral ruling made by the CAT in February.Ruling attached. A statement from the claimant is attached....
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