Press Release - 31/03/2020
Trucks Cartel – Claimants have significant success against the truck manufacturers
In the Tribunal proceedings, the Claimants have had a significant success against the Defendant manufacturers.
The Claimants rely on the European Commission’s decision (background on the claim). The manufacturers sought to differentiate between different parts of the decision for that reliance. The Tribunal has however rejected their objections and found that, subject to limited exceptions, the Claimants can rely on all of the decision, including recitals which the Tribunal has found binding, including that those companies to which the decision was addressed were guilty of exchanging gross price lists and information on gross prices, including planned future gross price increases. This included information which was not in the public domain, and which was commercially sensitive. In addition it was found that between 1997 and 2004 the addressee companies in some cases also agreed their respective gross price increases and also discussed net prices for some countries.
If you or your business purchased or leased trucks weighing 6 tonnes or more between 1997 and 2012, you will have been subject to any overcharge arising from the price fixing cartel.
Please contact us today to make a claim as soon as possible. In the first instance, please complete the following short questionnaire(s) as applicable: 1. Brand new truck purchase; 2. Leased trucks or 3. Second-hand truck purchase or contact Zahira Hussain directly.
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