Merricks v Mastercard – landmark settlement or Pyrrhic victory?

The UK CAT’s approval of a £200 million settlement in the landmark collective action against Mastercard has sparked a heated debate between funder Innsworth and class representative Walter Merrick, represented by Willkie Farr, including arguments made by Innsworth and other funders that the 0.5x return Innsworth ultimately received was insufficient given the risks it assumed, and that the decision will have a chilling effect on the funding of opt-out collective actions. More from Global Legal Post.

Meanwhile, Innsworth is considering its options in relation to the decision, including a potential appeal, while the Association of Litigation Funders has called comments made by Mr Merricks “misleading”, and confirmed he has not filed a complaint against Innsworth. More from Legal Futures.