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Innsworth Drops Merricks Arbitration Claim After £63M Payout

By Robbie Kalus

Litigation funder Innsworth Capital has dropped its arbitration claim against Walter Merricks over his decision to settle the Mastercard swipe fees case for £200 million ($270 million), clearing the way for compensation to be distributed to consumers.


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Top Stories
  • Inner yard at Trinity college, Cambridge, in the sunshine.
    Cambridge Investigates Star Professor In Plagiarism Row

    By Jamie Lennox

    The University of Cambridge said Thursday that it is investigating the credentials of a professor who has resign...(read more)

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    Google £5B Search Ads Class Action Gets Green Light

    By Ronan Barnard

    Google will face an estimated £5 billion ($7 billion) opt-out class action over allegations it inflated search a...(read more)

  • UK Sanctions Russian Banks, Metals Firms, Oil Tankers

    By Eddie Beaver

    The U.K. government issued fresh sanctions against Russia on Thursday, targeting 19 entities including banks, shadow fleet tankers and companies that import rare metals used for producing military equipment.

  • Why Legal AI Companies Are Spending Big On Sports Deals

    By Marialuisa Taddia

    Legal AI companies are pouring money into sponsorship deals with elite sports teams and celebrity ambassadors as they race to establish themselves as leading brands before the crowded market consolidates around a handful of winners, marketing experts say.

  • Cleary Sues Atalian Client It Advised On Proposed CD&R Sale

    By Ashish Sareen

    Cleary has sued a holding company in the Atalian Global Services group after representing it in the proposed 2022 sale of the facilities management giant to private equity firm Clayton Dubilier & Rice LLC.

  • TikTok Can't Scrap £12.7M Fine For Misusing Children's Data

    By Eddie Beaver

    TikTok has failed to overturn a fine of £12.7 million ($17.1 million) over its unlawful processing of children's personal data, as a London tribunal rejected the video-sharing app's argument that its activities qualified for legal protection reserved for artistic expression.

  • Axiom Ince Administrators Sue Accountants For Negligence

    By Ronan Barnard

    Administrators for Axiom Ince have sued the collapsed law firm's chartered accountants for alleged negligence, according to an entry on the High Court's register that has now been made public.

  • FCA Eases London IPO Rules To Cut Costs For Issuers

    By Alex Davidson

    The Financial Conduct Authority finalized rule changes on Wednesday that will make it easier and cheaper for companies to issue their shares on the London Stock Exchange.

  • Santander Clears Final Hurdles For $12B Webster Deal

    By Najiyya Budaly

    Spanish banking giant Santander said Wednesday that its $12.3 billion cash-and-share acquisition of Webster Financial Corp. has gained all the necessary regulatory approvals, paving the way for the transaction to close later in August.

  • Hendrix Bandmates' Estates To Appeal Sony's Royalties Win

    By Jamie Lennox

    The estates of Jimi Hendrix's former bandmates are set to appeal against a London court ruling that Sony does not owe them any royalties from its streaming of the band's back catalog in the U.K.

  • Fieldfisher Wins Redo Of Associate Sexual Misconduct Case

    By Ronan Barnard

    Fieldfisher won its bid to have a ruling it had unfairly dismissed a senior associate overturned Tuesday, when a London appellate tribunal found that an employment tribunal was wrong to find that a woman who accused the associate of sexual assault had lied.

  • Academic's Anti-Zionist Protected Beliefs Upheld On Appeal

    By Hanna Vioque

    The University of Bristol failed Tuesday to overturn a finding that it unfairly sacked a professor for saying that Zionism is a racist ideology, as an appellate tribunal confirmed that his views are protected beliefs. 

  • Gatwick Set For £2.2B Expansion As Legal Challenge Fails

    By Eddie Beaver

    Gatwick Airport can go ahead with its £2.2 billion ($3 billion) expansion after an appeals court refused on Tuesday to grant campaigners permission to challenge government approval for a second runway over concerns about climate change.

  • Apple Files Fresh Legal Challenge To UK Encryption Demands

    By Christopher Crosby

    Apple has filed a fresh claim contesting the British government's latest demand for a back door to gain access to encrypted customer data in a new legal challenge at the Investigatory Powers Tribunal, the technology giant confirmed Tuesday. 

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Trending on Law360 UK

  • Fieldfisher Wins Redo Of Associate Sexual Misconduct Case
  • Lender MFS Sues Barclays Over Fallout From £1B Insolvency
  • Cleary Sues Atalian Client It Advised On Proposed CD&R Sale
  • FCA Eases London IPO Rules To Cut Costs For Issuers
  • Chinese Bank Countersues For $61M In Shipping Loan Fight
  • Axiom Ince Administrators Sue Accountants For Negligence
  • Santander Clears Final Hurdles For $12B Webster Deal
  • Entain Ruling Offers Parties Key E-File Guidance
  • Clyde & Co. Hires Insurance Pro From DAC Beachcroft
 
 
 

From The Courtroom

  • BREAKING: Ex-Goldman Exec Convicted Of Ghana Bribery Plot
  • Goldman Exec Was Linchpin To Ghana Bribery Ploy, Jury Told
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  • NCA Unfreezes Ex-OPEC Head's Assets After Bribery Acquittal
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  • Gupta Loses Bid To Toss $7M Fraud Claim Out Of UK
  • Court Cuts Damages Bill For Fraudulent Insurance Brokers
  • Traders' Rate-Rigging Conviction Appeals Set For October
  • Shady Power Deal Used In Goldman Compliance Prep, Jury Told
  • Fake High-Tech Trader Who Raised $3.7M, Fled, Gets 51 Mos.
 
 
 

Expert Analysis

  • Sam Cooper
    UK Bill Would Transform Commercial Payments Terms
    A bill recently introduced to Parliament, if enacted, would replace significant areas of contractual freedom concerning payment term... (read more)
  • Manita Rawat
    Who Owns The Data Behind The Beautiful Game?
    Every match at the 2026 FIFA World Cup generates enormous volumes of information that can improve performance, enhance fan engagemen... (read more)
  • Katalin Horváth
    EU AI Omnibus Makes Key Changes But Leaves Uncertainties
    The European Council and Parliament’s recent provisional agreement on the artificial intelligence omnibus delivers some simplificati... (read more)
  • Clemens York
    EU Foreign Subsidies Report Offers Chance To Take Stock
    The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a bur... (read more)
  • Rory Spillman
    FCA-Approved Firms Get Liability Clarity On Appointed Reps
    The recent U.K. Supreme Court judgment in Kession Capital v. KVB Consultants, turning on the construction of Section 39 of the Finan... (read more)
  • Read More Expert Analysis

 
 
 

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