Mastercard's (MA) settlement of a lawsuit over card fees was approved by the UK Competition Appeal Tribunal, Reuters reported Friday.
The tribunal approved an agreement announced in December 2024 to settle the case for 200 million pounds ($252.8 million), according to the report.
Innsworth Capital, which funded the litigation, had argued that the settlement should not be approved, the report said. It did not respond to Reuters' request for comment.
Mastercard and Innsworth did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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