Kalkine: Why did Mastercard lose an appeal in a London court?

Mastercard (MA.N) lost an appeal in a London court on Tuesday against a ruling in a 10 billion pound-plus ($12 billion-plus) collective action that allows the claims of around three million people who have died since the lawsuit began to continue. The global payments processor is facing a lawsuit brought by consumer champion Walter Merricks on behalf of approximately 46 million adults in the United Kingdom, which became the first mass consumer action to be approved in the UK in 2021.



 

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