In July 2016 the Commission reached a settlement decision concerning the trucks cartel with MAN, DAF, Daimler, Iveco and Volvo/Renault. Scania decided not to settle this cartel case with the Commission, unlike the other five participants in the trucks cartel.
As a consequence, numerous questions arose for affected companies: Who has suffered damage from the truck cartel? How to detect this damage? And how to issue a claim for damages?
The eye-watering fines were not the end of the story for the truck manufacturers. They are now facing claims for damages from those who bought or leased trucks and were severely affected by the anti-competitive behaviors of the truck makers.
Now, all victims can recover losses caused by the truckmakers’ unlawful conduct.
The filing demands and decision-making are complex and will require the advice of a specialist law firm, well-versed in the sector, and in this kind of action, to ensure that claimants submit their information well ahead of the limitation period set.
Our team includes lawyers, economists and area experts who run the claim with unrivaled experience. Each of us are industry specialists in their chosen fields, with a broad and deep knowledge of the EU trucks market.
We are also a litigation funding company on competitive terms so that there is no cost to truck operators who sign up. If the claim is successful, the funders will take a fee from the compensation awarded to compensate them for the risk of providing the capital investment.
If you are still in any doubts, please contact us by e-mail or over the phone for any further information you may require.