UK Court Approves Settlement in Class Action Targeting Mastercard
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A London court has approved a settlement in a class action lawsuit against Mastercard regarding its swipe fees. The settlement was challenged by Innsworth Advisors, who claimed it undervalued the claim, but the court rejected this challenge.
February 21, 2025 | 8:15 pm
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Mastercard's settlement in a class action lawsuit over swipe fees has been approved by a UK court, despite a challenge from Innsworth Advisors.
The approval of the settlement removes a legal uncertainty for Mastercard, which is positive. However, the challenge by Innsworth Advisors suggests some contention over the settlement's value, which could have mixed implications. Overall, the news is neutral for Mastercard's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100