In a precedent-setting move, London’s Competition Appeal Tribunal (CAT) has greenlit the U.K.’s first settlement in an opt-out class action. The decision comes as a victory for class representative, Mark McLaren, who initiated legal proceedings on behalf of U.K. consumers and businesses that bought or leased new cars and vans. Details via Law.com
The settlement agreement is pegged at £1.5 million and is specifically catered to CSAV, one among the five defendant shipping corporations involved in the proceedings. It’s pertinent to note that the legal action was instigated by the class representative against all these defendant groups.