Mastercard backing Merricks with £10m for dispute with litigation funder

In a bizarre turn of events, Mastercard is backing the man suing it, Walter Merricks, to the tune of £10 million in his dispute with his litigation funder over the proposed settlement of the class action, which the funder opposes. Explaining his decision to settle, Mr Merricks claimed that adverse rulings in the proceedings to date, particularly on causation and limitation, had put 95% of the original quantum being claimed “either at serious risk or not recoverable”.

More from Legal Futures.