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The European Commission has found that five truck manufacturers: MAN, Volvo/Renault, Daimler, Iveco and DAF, committed a cartel fraud against purchasers of their trucks from 1997 until 2011. If you bought, rented or leased trucks in that period you are entitled to claim the damages consequent on the cartel. Edwin Coe offers full funding for your claims.

The European Commission has found that the five companies, which together account for around nine out of every 10 medium and heavy trucks produced in Europe, colluded for some 14 years on truck pricing, and on the passing on of compliance costs with strict emission rules.

The investigation related specifically to the market for the manufacturing of medium (weighing between 6 – 16 tonnes) and heavy trucks (weighing over 16 tonnes).  The Commission’s investigation found that the various companies coordinated prices, the timing of the introduction of emission technologies, as well as the passing on to customers of the cost of the emission technologies.  Each of the five cartelists has admitted their involvement.

Any companies which purchased or leased medium and/or heavy trucks during the infringement period (1997 – 2011), or shortly thereafter, may have a claim for damages and interest.

Companies could have a claim in damages in relation to the difference between the higher price that was paid by them as a result of the cartel, and the purchase price of trucks that would have been payable, had there been no cartel. These claims are often called “follow-on damages” claims.  It is estimated that some 10 million trucks were sold across the EU during this period and that each one may have been overpriced by approximately €10,500.

Below you will find a link to the European Commission’s press release from July 2016 confirming the conclusion of the investigation.

http://europa.eu/rapid/press-release_IP-16-2582_en.htm

Edwin Coe specialises in bringing cases against entities whose action, such as cartels, have caused losses to small or large groups of people. We are regularly instructed on cartel claims and are currently acting for claimants in the air cargo cartel.

If you or your business used trucks (whether bought, rented or leased) in the period please contact Zahira Hussain or Zoya.Shaikh@edwincoe.com in order to discuss the matter further.

Contact our Group Action Litigation Team
telephone: 020 7691 4000
or email: enquiries@edwincoe.com

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Team is known for its strong litigation credentials, and excellent technical knowledge.


Chambers UK 2015

Team is known for its strong litigation credentials, and excellent technical knowledge.

Chambers UK 2015

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Group Action Litigation

Trucks Cartel

The European Commission has found that five truck manufacturers: MAN, Volvo/Renault, Daimler, Iveco and DAF, committed a cartel fraud against purchasers of their trucks from 1997 until 2011. If you bought, rented or leased trucks in that period you are entitled to claim the damages consequent on the cartel. Edwin Coe offers full funding for your claims.

The European Commission has found that the five companies, which together account for around nine out of every 10 medium and heavy trucks produced in Europe, colluded for some 14 years on truck pricing, and on the passing on of compliance costs with strict emission rules.

The investigation related specifically to the market for the manufacturing of medium (weighing between 6 – 16 tonnes) and heavy trucks (weighing over 16 tonnes).  The Commission’s investigation found that the various companies coordinated prices, the timing of the introduction of emission technologies, as well as the passing on to customers of the cost of the emission technologies.  Each of the five cartelists has admitted their involvement.

Any companies which purchased or leased medium and/or heavy trucks during the infringement period (1997 – 2011), or shortly thereafter, may have a claim for damages and interest.

Companies could have a claim in damages in relation to the difference between the higher price that was paid by them as a result of the cartel, and the purchase price of trucks that would have been payable, had there been no cartel. These claims are often called “follow-on damages” claims.  It is estimated that some 10 million trucks were sold across the EU during this period and that each one may have been overpriced by approximately €10,500.

Below you will find a link to the European Commission’s press release from July 2016 confirming the conclusion of the investigation.

http://europa.eu/rapid/press-release_IP-16-2582_en.htm

Edwin Coe specialises in bringing cases against entities whose action, such as cartels, have caused losses to small or large groups of people. We are regularly instructed on cartel claims and are currently acting for claimants in the air cargo cartel.

If you or your business used trucks (whether bought, rented or leased) in the period please contact Zahira Hussain or Zoya.Shaikh@edwincoe.com in order to discuss the matter further.

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