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.”
About Edwin Coe
Edwin Coe LLP is a full service law firm based in the heart of London’s historic legal district in Lincoln’s Inn. Founded in 1913, we have grown from our litigation origins to become a thriving and dynamic practice, providing a comprehensive range of legal services to meet the needs of a wide variety of businesses, individuals and organisations based throughout the UK and internationally.
With 39 partners, we are ranked 104 in the latest edition of The Lawyer ‘UK 200’ law firms and are recommended in all the major legal directories. We provide clients with innovative, tailored and integrated legal services and combine a highly personal and responsive service with industry leading expertise.