Amsterdam Court Clears Way for Pan-European Truck Cartel Damages Claim; Scania Fined €880m by European Commission
Following a landmark decision from the Amsterdam Court regarding the use of the assignment model in cartel damages claims in the Netherlands and the European Commission’s decision to impose a fine of €880m on Scania for its part in the European truck cartel, Claims Funding Europe & BarentsKrans issued an update by way of a joint press release. To read the release, click here.
European Truck Cartel Case decision is published
The European Commission has published its decision in the European Truck Cartel case. To view the decision in PDF format, click on the following link: EC Truck Cartel Decision
A summary of the Commission’s decision is now available in 23 European languages. Each language option can be accessed by clicking on the relevant option below:
English, French, German, Italian, Spanish, Hungarian, Bulgarian, Czech, Danish, Dutch, Polish, Portuguese, Estonian, Croatian, Greek, Slovenian, Latvian, Lithuanian, Maltese, Romanian, Slovak, Finnish, Swedish.
CFE Press Release re: Truck Cartel case
Following the announcement by the European Commission of €2.93 billion in fines for the European truck manufacturers that participated in a long running cartel, Claims Funding Europe and leading Dutch law firm, BarentsKrans, issued a press release confirming the commencement of legal proceedings on behalf of businesses from all over Europe that purchased or leased trucks from the cartel during the cartel period from 1997 to 2011. To read the press release online, click here or to download in PDF format, click here.
Media Coverage of Truck Cartel Case
Below are links to some of the media coverage Claims Funding Europe has received regarding the truck cartel case it confirmed on behalf of the cartel victims.
Truck Makers Hit With Record Cartel Fine – to read, click here.
Margrethe Vestager’s Green Shocker – to read, click here.
EU’s €2.9B Truck Cartel Fines Pave Way For Damage Suits – to read, click here.
Reports on the Filing of the Claim Against VW
Below are a selection of links to news reports on TISAB’s filing of the claim against Volkswagen AG in the German Regional Court of Brunswick on 14 March 2016, co-funded by Claims Funding Europe, DRRT, Grant & Eisenhofer, and Kessler Topaz Metzer & Check.
Politico Report on Release of Air Cargo Decision
Following the release of the European Air Cargo Cartel decision by the European Commission, the below article “Airline Industry Hits Turbulence on Shipping Costs” was recently published in the European edition of Politico. Antitrust reporter Nicolas Hirst describes Claims Funding Europe’s follow-on action as “setting a potential legal precedent” in Europe. Claims Funding Europe’s Director, Martin Hyde comments on the four-year delay between the European Commission fining the cartel airlines and the publication of the decision. Read the article here.
European Air Cargo Cartel Decision is Published
The European Commission have finally published a provisional non-confidential version of the 2010 decision against 14 airlines for participating in a price-fixing air cargo cartel. Claims Funding Europe welcomes the long-awaited release of the substantive details of the decision, published by the Commission on Friday, 8th May. A copy of the decision can be found here.
The 244-page Commission Decision will be significant to Claims Funding Europe in the follow-on action for damages it is funding in the Netherlands on behalf of the victims of the European Air Cargo Cartel. The Commission elaborates on the nature of the price fixing cartel and the rationale behind fining the airlines €799 million.