Poging GOUD - Vrij
Court reviews Mastercard's settlement
Mint Bangalore
|February 20, 2025
Mastercard Inc. unfairly reduced a £10 billion ($12.6 billion) class action case to a settlement of just £200 million, according to the firm that funded the lawsuit.
The credit-card company "skillfully maneuvered," claimant Walter Merricks and his lawyers by offering an inferior settlement to end the case, according to the litigation funder Innsworth Advisors Ltd.
The lawsuit alleged Mastercard charged consumers and businesses too much to use its cards.
"To the extent that Innsworth's submissions make poorly aimed pot-shots at the negotiation process, they are hopeless," lawyers for Mastercard countered.
"Innsworth's interests lie in maximizing its commercial recovery even if that entails a high-risk gamble," they said arguing the settlement is fair and reasonable.
Dit verhaal komt uit de February 20, 2025-editie van Mint Bangalore.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint Bangalore
Mint Bangalore
JPMorgan to boost India payments play
J PMorgan Chase & Co. is accelerating its push into India's payments sector as the Wall Street bank aims to leverage the country's growing interconnectedness with foreign companies.
1 min
October 10, 2025
Mint Bangalore
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Bangalore
Shipbuilding stocks are likely to stay anchored
India's shipbuilding stocks are trading well above their 200-day moving average, a sign of rising investor confidence.
3 mins
October 10, 2025
Mint Bangalore
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.
2 mins
October 10, 2025
Mint Bangalore
India's seafood wins US nod
In what has come as a relief to India's seafood industry, the US National Marine Fisheries Service (NMFS) has said that India's exports meet America's mammal protection standards, allowing their continued shipments.
1 mins
October 10, 2025
Mint Bangalore
Art, cinema and food of the hills
A Mint guide to what's happening in and around your city
1 min
October 10, 2025
Mint Bangalore
Zeta looks to onboard two large banks by mid-2026
Bhavin Turakhia-led software startup Zeta is adding new banking partners to digitise their services, following a pilot of its end-to-end banktech model with HDFC Bank in India last year.
1 min
October 10, 2025
Mint Bangalore
INDUSIND BANK RATED INDIA INVOLVED BY SKOCH
FOR EXCELLENCE IN MSME BANKING
2 mins
October 10, 2025
Mint Bangalore
Even our airports seem to exist in multiple centuries
A couple of years ago, as I went through security check at Bengaluru's swanky international terminal, complete with wall gardens and food franchises of companies owned by celebrity chefs from the West, my computer bag was taken aside for inspection.
3 mins
October 10, 2025
Mint Bangalore
Bharti Telecom eyes ₹15k crore bond sale
Bharti Telecom, the holding company of Bharti Airtel, will launch the largest bond sale of the current fiscal year next week, aiming to raise funds at significantly lower rates than last year, according to three merchant bankers.
1 min
October 10, 2025
Listen
Translate
Change font size