Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
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Mastercard has reached an agreement in principle to settle a long-standing British lawsuit concerning card fees with consumer advocate Walter Merricks. The settlement was announced during a hearing before the U.K.'s Competition Appeal Tribunal.
December 03, 2024 | 11:45 pm
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Mastercard has agreed to settle a long-standing lawsuit in the UK regarding card fees, potentially impacting its financials and legal standing.
The settlement of a long-running lawsuit can remove legal uncertainties and potential liabilities for Mastercard, which is positive for the company's stock. The resolution of this case may also improve investor sentiment and reduce legal expenses.
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