After nearly nine years of litigation, Walter Merricks CBE and Mastercard have reached a settlement in a collective redress case, subject to Tribunal approval. The case, which set a precedent for collective actions in the UK, sought compensation for class members affected by alleged overcharges.
Merricks expressed satisfaction with the agreement, noting its potential to provide meaningful compensation to those who participate in the claims process. He highlighted the significance of the case in proving the effectiveness of the UK’s collective redress regime. The settlement details will be presented to the Tribunal for approval.
Source: https://www.mastercardconsumerclaim.co.uk/Home/Timeline
The case is Walter Hugh Merricks CBE v Mastercard Incorporated and Others in the CAT.
