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.)
Price: 561.58, Change: -1.70, Percent Change: -0.30
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.