News & Blog

Oral Arguments in Mammoth MasterCard Collective Action Kicks Off In Supreme Court

Oral arguments began this week in the massive £14 billion collective action lawsuit over MasterCard’s interchange fees, MLex reports. The controversial case was initially rejected after a specialized court, the Competition Appeals Tribunal (CAT), denied certification because it said the claimant would be unable to prove that the fees were passed on to consumers, among several other reasons.

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Plaintiffs’ Lawyers, Litigation Funders Swoop In On VW Settlement

Plaintiffs’ lawyers and litigation funders, are working to convince class members in Germany to opt out of a settlement with Volkswagen and file their own claims individually, according to the Financial Times. A group of American and British lawyers, along with their own litigation funder, are trying to convince members of the original class against Volkswagen to opt-out of the recent settlement and pursue their own claims.

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Judge Orders Litigation Funder To Release £350 Million Yacht

A judge in Dubai has ordered litigation funder Burford Capital to release a £350 million yacht at the heart of a divorce case it’s funding. The yacht, which has two helipads, nine decks, a swimming pool, and a mini-submarine, “has become the thorniest part” of the proceedings, according to the Financial Times.

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Yet Another Example of Funders and Lawyers Asking for Too Much

This week, an Australian judge took a $4 million axe to what he called one of the “worst” proposed class action settlements he’s ever seen. Justice Bernard Murphy said the portion going to the lawyers from Quinn Emanuel and the litigation funder Vannin Captial in a Bank of Queensland class action settlement was “disproportionate” to the amount going to the class.

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