Deceased class representative ordered to pay £7.7m costs

The UK’s Competition Appeal Tribunal has ordered the late class representative in a failed £400 million rail fares collective action against Govia Thameslink Railway to pay £7.65 million in costs, with the settlement releasing litigation funder LCM Funding UK and law firm MaitlandWalker from further costs liability, following the collapse of efforts to replace the representative and the subsequent revocation of the collective proceedings order, while LCM’s parent company moves into an orderly run-off after a series of unsuccessful investments.

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