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Merricks Says Innsworth Made Enough From £200M CPO Deal

By Ronan Barnard

The class representative of a U.K. mass claim against Mastercard said Wednesday that a London court should rebuff litigation funder Innsworth's challenge to the distribution of the claim's £200 million ($269 million) settlement, arguing that it received enough profit in light of how the claim had gone.


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Top Stories
  • Entrance to the Crown Court at Southwark in London in sunshine.
    KC Used Expertise To Dodge £2M In Tax, Prosecutors Say

    By Sophia Dourou

    A senior tax barrister cheated the public purse out of almost £2 million ($2.7 million) through a series of "ela...(read more)

  • Britain's health secretary during the Covid pandemic, leaves the Covid inquiry on March 19, 2025 in London, England.
    Hancock Says MP's Libel Claim Is Attack On UK Vaccine Drive

    By Joanne Faulkner

    Former health secretary Matthew Hancock told the Court of Appeal on Wednesday that a libel case brought against ...(read more)

  • Nokia SEP Ruling Could Cool Jurisdictional Tensions

    By Alex Baldwin

    An English appellate court's decision to move Nokia's licensing dispute over standard-essential patents to arbitration may quell conflicts about the jurisdiction of national courts over global patent licensing rates, lawyers say.

  • Restaurant Tests 'Transferred Loss' In Flood Damage Case

    By William Janes

    A popular Glasgow restaurant business argued at the U.K.'s top court on Wednesday that its landlord, part of a Spanish billionaire's property empire, should cover the restaurant's losses from flood damage even though the eatery wasn't its direct tenant.

  • Liberty Can't Up Burden On Policyholders For COVID Payout

    By Joel Poultney

    A London judge has rejected Liberty Mutual's bid to require a formally diagnosed case of COVID-19 to trigger cover for dozens of small and midsized businesses, saying on Wednesday that doing so would "render cover illusory." 

  • Nottingham Forest Owner Clears Hurdle In £5M Libel Claim

    By Eddie Beaver

    Nottingham Forest Football Club owner Evangelos Marinakis persuaded a London court on Wednesday that articles, videos and social media posts at the center of his £5 million ($6.7 million) libel claim against the chair of Greek club Aris are capable of being defamatory.

  • Kirkland-Led Investors Merge To Form $21B Asset Manager

    By Tom Fish

    London-based GHO Capital and CBC Group in Singapore said Wednesday that they will merge to create what they claim will be the world's largest healthcare investment company, managing more than $21 billion in assets.

  • Innsworth Challenges Share Of Mastercard Settlement Sum

    By Joanne Faulkner

    Litigation funder Innsworth told the High Court on Tuesday that the distribution of a £200 million ($268 million) settlement from a U.K. mass claim against Mastercard is "illogical" and "flawed" in the first case to test a Competition Appeal Tribunal settlement decision.

  • Ride-Hail App Bolt Can't Get £190M VAT Break, HMRC Argues

    By Josh White

    Ride-hailing company Bolt shouldn't be able to claim a £190 million ($254.3 million) value-added tax exemption for travel agents and tour operators because its drivers provide transportation and don't lead tours or book vacations, the U.K.'s tax authority argued before a London court on Tuesday.

  • Met Police Weigh Fraud, Manslaughter Charges Over Grenfell

    By Eddie Beaver

    The Metropolitan Police said Tuesday that 57 people and 20 organizations are suspects for criminal charges that might be brought over the Grenfell Tower fire in which 72 people — including 18 children — were killed.

  • Investors Seek To Halt $16B Argentina Award Amid US Appeal

    By Sophia Dourou

    A group of minority shareholders of a nationalized oil company urged a court on Tuesday to stay English proceedings that seek to enforce a now-overturned $16 billion judgment in New York against Argentina while a U.S. appeal is underway.

  • Nord Stream Says Pinning Blast On Ukraine 'No Small Thing'

    By Ronan Barnard

    The Swiss consortium behind a pipeline destroyed by sabotage in 2022 argued in the closing stages of a €580 million ($672 million) trial on Tuesday that it was "no small thing" to conclude the attack was carried out on Ukraine's behalf.

  • Deutsche Bank Fined Over Apple Unit's Russia Payments

    By Eddie Beaver

    The London branch of Deutsche Bank AG has been fined £165,000 ($221,000) for processing two payment requests from an Apple subsidiary to a Russian app developer, the U.K.'s sanctions enforcer said Tuesday.

  • Apple Beats Anti-Union Interference Claim In UK

    By Jamie Lennox

    Apple has proved that it did not unfairly interfere with a vote on whether to let a trade union negotiate on behalf of staff at one of its U.K. stores, convincing arbitrators that it didn't unfairly influence how its employees voted.

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Trending on Law360 UK

  • Womble Bond Beats Negligence Case Over £126M Deal
  • Employment Judge Reprimanded Over Drink-Driving Incident
  • EY Pays £105M To Settle NMC Health Audit Negligence Claim
  • UK To Rewrite Consumer Credit Rules For Digital Age
  • Which Gets OK To Drop £480M Qualcomm Claim In CPO 1st
  • Innsworth Challenges Share Of Mastercard Settlement Sum
  • Ultra Deal Signals SFO Will Revive Derailed DPA Talks
  • Deutsche Bank Fined Over Apple Unit's Russia Payments
  • Latham Guides Anglo American On Up-To-$3.9B Coal Biz Sale
 
 
 

From The Courtroom

  • Bolt Argues Ride-Hailing Apps Qualify For UK VAT Break
  • Ex-Austrian Bank CEO To Plead Out In $170M Odebrecht Case
  • Ex-Everton FC Director Loses Bid To End UK Sanctions
  • HMRC Says Scottish Power Owes Tax On £28M Redress
  • ENRC Seeks 'Tender' Approach To Costs In $290M SFO Trial
  • DC Circ. Hears Russia's Bid To Block $5B Yukos Award
  • AmTrust Gets OK To Fight Ruling Capping Sompo Claim
  • Merck Blocks Rival's Access To Secret Files In Trademark Row
  • Gov't Says Developer Let Public Pay For £48M Fire Defect Fix
  • Mehta Says He Signed Fake Board Minutes At Exec's Request
 
 
 

Expert Analysis

  • Martin Mekat
    Lidl Case Puts Loyalty Apps In Consumer Rights Spotlight
    The German Federal Court of Justice's imminent ruling on Lidl's use of loyalty apps could clarify whether retailers must disclose a ... (read more)
  • John Cassels
    Compliance Landscape Shifts As CMA Targets Fake Reviews
    The Competition and Markets Authority’s investigations into five companies’ alleged misleading online reviews are the first use of i... (read more)
  • Antonio Lanotte
    EU Risks Falling Behind With Delay In Digitization Rule Fixes
    With financial organizations calling for the European Union to fast-track modifications to the Distributed Ledger Technology Pilot R... (read more)
  • Michael Davar
    Darchem Ruling Clarifies Status Of JV Members' Solo Claims
    The High Court’s recent decision in Darchem Engineering v. Bouygues on whether individual members of an unincorporated joint venture... (read more)
  • Grania Baird
    How New EU Third-Country Branch Rules Will Affect UK Banks
    The European Union's new directive on third-country branch rules for non-EU banks will have a significant impact on U.K. banks, whic... (read more)
  • Read More Expert Analysis

 
 
 

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  • Bolt Argues Ride-Hailing Apps Qualify For UK VAT Break
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