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Walter Merricks said in a statement that he believes the settlement will compensate class members who came forward to participate in the distribution of the damages. (PA via AP Images)

Consumers Settle £10B Mastercard Swipe Fees Class Action

Representatives of more than 45 million U.K. consumers confirmed Tuesday that they had settled a multibillion-pound claim against Mastercard over its fees, which is likely to end one of the first cases to test the boundaries of Britain's collective proceedings regime.

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Austrian Banker Says Brazilian Tax Fraud Allegations 'Risible'

An Austrian banker sought Tuesday to overturn a London court decision allowing his extradition to the U.S. on money laundering charges over his alleged role in a massive corruption scandal involving Brazilian construction conglomerate Odebrecht SA, calling the U.S. government's arguments "risible."

Retailers Argue For Higher Damages Bill In Swipe Fees Trial

Retailers suing Mastercard and Visa argued before the Court of Appeal on Tuesday that their damages bill from alleged unlawful overcharging by the card companies should incorporate continuing losses because the anticompetitive conduct has not yet stopped.

Microsoft Faces £1B Class Action Over Software Overcharging

Microsoft was hit on Tuesday with a class action of more than £1 billion ($1.3 billion) brought on behalf of thousands of U.K. businesses alleging that it overcharged for licensing fees to its Windows Server, a software used in cloud computing.

Motorists Reach £38M Settlement In Shipping Cartel Case

Millions of motorists who allegedly overpaid for their cars have reached a £37.8 million ($47.8 million) settlement against two vehicle shipping companies in an opt-out class action before a trial in January, lawyers representing the group said Tuesday. 

Severity Of Cyber-Risk 'Widely Underestimated' In UK

Britain is facing a "widening gap" in its ability to fight cyberthreats and must improve its defenses to combat the increasing severity and scale of hostile threats, the head of the country's top cybersecurity agency said on Tuesday.

Skat Settles With Ex-Barclays Director In £1.4B Fraud Case

The Danish tax authority has settled its claim against a former Barclays Capital director and four companies that it sued alongside dozens of others over an alleged scheme to defraud it of £1.4 billion ($1.8 billion) in tax revenue.

Linklaters Looks To Step Up AI Use With New 'Sandbox'

Linklaters LLP announced Monday that it has launched an "artificial intelligence sandbox" to quickly bring to life ideas from within the legal business about how AI can be used to improve the way work is being done for clients.

Sports Direct's Ashley Says HMRC Bungled His Data Request

Sports Direct International PLC founder Michael Ashley argued in a London court Monday that the U.K.'s tax agency improperly handled his data request related to its probe into his 2012 sale of real estate assets, calling its alleged failings "significant, wide-spread and persistent."

UK Top Court To Assess Whether AI Tech Can Be Patented

The U.K.'s highest court will weigh in on whether an artificial intelligence company's invention constitutes a computer program, in a high-profile case that could set new patentability guidelines for the technology.

Lewis Silkin To Probe Claims Against 'MasterChef' Co-Host

The production company behind "MasterChef" has appointed Lewis Silkin LLP to lead a probe into a series of harassment allegations against one of its presenters, Gregg Wallace.

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