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Train passengers have won £25million in the UK's largest ever class action lawsuit payout after they were overcharged for their tickets.
An estimated 1.4 million people who travelled on mainline trains operated by Stagecoach South Western Trains (SSWT) to Waterloo are in line for up to £100 each after the case was settled.
A total of £25million will be made available by SSWT, which operated the South Western rail franchise until 2017, to an estimated 1.4 million overcharged travellers.
The lawsuit was taken after it emerged that rail passengers who held a London Travelcard between 2015 and 2017 were not offered the option of buying less expensive 'boundary zone' tickets when travelling to stations inside Transport for London's (TfL) fare zone.
It meant travellers effectively paid double for the London portion of their journey and those who travelled on the rail line between 2015 and 2017 - while they held a valid Travelcard - will able to apply for a refund of up to £100 each when the payout scheme is finalised.
The lawsuit was funded by the Woodsford Group - a business that 'helps wronged parties collectively seek redress from wrongdoers' - and the passengers were represented by Justin Gutmann.
Woodsford CEO Steven Friel said: 'This settlement approval confirms Woodsford as the most active and the most successful litigation funder in the CAT collective proceedings regime.
'Our actions have resulted in the first two, and as yet only, court-approved settlements in the regime.
'I was particularly pleased to read the Tribunal’s expression of gratitude for the parties, their lawyers and Woodsford “coming together to come up with something that is acceptable in the interests of the class members".
A spokesman for Woodsford Group added: 'This is the largest settlement in the history of the collective proceedings regime in the UK.'
'Now that the settlement has been approved by the Competition Appeal Tribunal, a scheme will be set up to allow class members to submit a claim for redress.'
South West Trains passengers win £25m in huge class action payout
An estimated 1.4 million people who travelled on mainline trains operated by Stagecoach South Western Trains (SSWT) to Waterloo are in line for up to £100 each after the case was settled.www.dailymail.co.uk
Train passengers have won £25million in the UK's largest ever class action lawsuit payout after they were overcharged for their tickets.
An estimated 1.4 million people who travelled on mainline trains operated by Stagecoach South Western Trains (SSWT) to Waterloo are in line for up to £100 each after the case was settled.
A total of £25million will be made available by SSWT, which operated the South Western rail franchise until 2017, to an estimated 1.4 million overcharged travellers.
The lawsuit was taken after it emerged that rail passengers who held a London Travelcard between 2015 and 2017 were not offered the option of buying less expensive 'boundary zone' tickets when travelling to stations inside Transport for London's (TfL) fare zone.
It meant travellers effectively paid double for the London portion of their journey and those who travelled on the rail line between 2015 and 2017 - while they held a valid Travelcard - will able to apply for a refund of up to £100 each when the payout scheme is finalised.
The lawsuit was funded by the Woodsford Group - a business that 'helps wronged parties collectively seek redress from wrongdoers' - and the passengers were represented by Justin Gutmann.
Woodsford CEO Steven Friel said: 'This settlement approval confirms Woodsford as the most active and the most successful litigation funder in the CAT collective proceedings regime.
'Our actions have resulted in the first two, and as yet only, court-approved settlements in the regime.
'I was particularly pleased to read the Tribunal’s expression of gratitude for the parties, their lawyers and Woodsford “coming together to come up with something that is acceptable in the interests of the class members".
A spokesman for Woodsford Group added: 'This is the largest settlement in the history of the collective proceedings regime in the UK.'
'Now that the settlement has been approved by the Competition Appeal Tribunal, a scheme will be set up to allow class members to submit a claim for redress.'