Edwin Coe secures funding for trucks cartel claims

Edwin Coe LLP has entered into a funding agreement with Affiniti Finance Limited (“Affiniti”) to fund the trucks cartel claims for its clients. The agreement with Affiniti is a ‘no win, no fee’ arrangement so that Edwin Coe’s clients will be able to litigate their claims without cost or risk. The claims arise out of an investigation and findings by the European Commission in 2016 and 2017 that six different truck manufacturers were guilty of colluding over price during a 14 year period. Five of the six companies, with the exception of Scania, have admitted to their participation. All companies, other than MAN which was the whistle-blower, faced record fines imposed by the Commission.

As a result of the cartel, any business which purchased, leased or outsourced trucks weighing six tonnes or more between 1997 and 2011 is likely to have overpaid for its vehicles. Edwin Coe, the UK’s leading group action litigation firm, is leading a group action on behalf of claimants seeking damages from the truck manufacturers.

Zahira Hussain of Edwin Coe’s Litigation team commented:

“We are delighted to be joining forces with Affiniti in relation to the truck cartel claims. In conjunction with Affiniti, we are able to offer our clients a cost and risk free claims process. If the claims are unsuccessful for some reason, our clients will have nothing to pay. Companies that used trucks weighing six tonnes or more between 1997 and 2011 can pursue their claims through us without risk.”

Edwin Coe’s trucks cartel team is able to advise on all aspects of the claim including how pass on may affect you. Please contact Zahira Hussain – Senior Associate for more information.