MasterCard Win Cools Funders’ Fever for UK Class Actions
27th Jul 2017
Earlier this month, the U.K.’s Competition Appeal Tribunal found that consumer litigation against MasterCard over swipe fees couldn’t move forward as a class action. The ruling is a blow for litigation funder Burford Capital LLC, which had committed up to £40 million to the case, writes Law360. Now, funders are facing raised stakes and asking whether similar cases can gain traction.