The UK’s collective redress regime has received significant attention for its positive developments in recent years, and particularly for the involvement of litigation funders in supporting collective claims against large…
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MasterCard
Funding a Credit Crunch: How Litigation Finance Has Fueled Global Actions Against Visa and Mastercard
by John Freund
written by John Freund
Mastercard and Visa are no strangers to legal action, having endured class actions and legal challenges all over the world. Currently, a collective action funded by Bench Walk Advisors accuses the credit giant of illegally overcharging Multilateral Interchange Fees (MIFs) in the UK.
Mastercard Case Moves Forward as UK Inches Toward US-Style Class Actions
by John Freund
written by John Freund
Litigation Finance received a holiday gift in the form of a new UK Supreme Court decision allowing a GBP 14 billion case to proceed against credit giant Mastercard. The claim, which could involve over 46 million claimants, alleges that the credit card group charged excessively high fees and overcharged customers regularly.