Who are you?
We are a litigation funding company, offering you this business opportunity.
Litigation funding means to provide financing of legal proceedings.
In short: WE ARE AN EXPERIENCED AND DETERMINED TEAM OF PROFESSIONALS
What costs will I incur if I hire you to provide the funding for my damages proceedings?
If no financial success is achieved, you will not have to bear any costs or risks. In case of success we will receive a certain portion of the money as previously agreed upon in a written litigation funding agreement.
In short: NO MONEY RETRIEVED FOR YOU, NO COST.
What advantages will I have by hiring you to get my claims enforced?
You will bear no risk and will not have to pay any upfront costs. The whole process is coordinated by us. Even more important than that, you are in best hands. This case may look simple on the first look, but actually it is highly complex one, with many potential traps, requiring continuous financing at a currently unknown level. Few companies can handle this project the same way we do.
In short: YOU WORK WITH THE INNOVATIVE MARKET-LEADER.
How to start this?
By contacting us. We will then send you our step-by-step info material and provide you with an offer.
In short: USE BELOW FORM OR WRITE TO firstname.lastname@example.org
What entitles me to damage claims against the truck cartel?
If you bought or leased a new truck over 6 ton (total) weight between 1997 and 2014 from Daimler, Iveco, DAF, MAN, Volvo / Renault or Scania.
In short: NEW TRUCKS PURCHASED BETWEEN 1997 and 2014.
I meanwhile have sold the vehicle. Can I nevertheless claim damages?
This does not affect your claims for damages, they still exist. Only in the amount of the compensation you may have to accept a discount, because you are assumed to have achieved a higher resale price caused by the same effect.
In short: YES, BUT POTENTIALLY A LOWER AMOUNT.
What if I do not have the invoice for the respective vehicle anymore?
Well, that's bad news. To start with, you only have to prove that you have bought or leased the respective truck from one of the affected manufacturers during the period in question. If no documents are available at all, then the purchase price is estimated by a plausibility check, however this may slow down the process and may negatively influence the amount you will receive.
In short: DO EVERYTHING TO RECOVER THE INVOICES. IF NOT POSSIBLE EXPECT LESS MONEY PROBABLY WITH AN EXTRA DELAY OF YEARS.
How long will the proceedings take?
At the present time, this is difficult to estimate. In case of litigation, it may take several years. If a settlement can be reached, either at some early stage of litigation or out of court, it would take much less time.
In short: ANYWHERE BETWEEN 1-4 YEARS.
Is an out-of-court settlement to be expected?
We will first try to achieve an acceptable out-of-court settlement. Past experience rather suggests that there will be litigation though. A common strategy of large corporations in similar cases is often to make life as difficult as possible for claimants to achieve a deterrent effect.
In short: PROBABLY NOT.
How much time is left until my claims get time-barred?
As of early 2019 we can state, that claims for trucks being purchased between the period of 19.01.1997 and 31.12.2003 are now time-barred. However, the fact that Scania has delayed the process, most probably ensures us some extra time to prepare for these cases as well, so these are not completely lost, only depreciated to a lower value. In other words, purchases between 1997 and 2003 will be handled the longer and more difficult way.
On the other hand, purchases made between 01.01.2004 and 31.12.2014 are now an excellent basis to claim.
In short: TAKE YOUR TIME AND DON'T LET ANYONE RUSH YOU.
What compensation will I get?
This is actually the biggest catch in this process. It is expected that series of extensive reports and cross-border comparative analysis will be necessary to quantify the damage suffered by buyers as a result of the illegal cartel. We assume it will be in the region of 5-10% of the purchase price or leasing rates.
In short: IT WILL BE A LONG AND COSTLY BATTLE TO COME UP WITH THE FINAL NUMBERS.
What happens with used trucks?
Currently it seems like there will not be any compensation. We haven't given up on this yet, but don't have great expectations either. We'll keep an eye on this and encourage our clients to register their used trucks as well, along with the new ones. Worst case: extra work done.
In short: MOST PROBABLY THERE WILL BE NO COMPENSATION FOR ANY USED TRUCKS, ONLY THE NEW ONES.
How much time will I have to spend to help with the preparation of the proceedings in case I hire you for litigation funding?
Once you have submitted the required documents, almost no more effort is required from you. It is our responsibility to handle everything. You will not have to personally participate in any proceedings.
In short: THE PROCESS IS JUST AS IMPORTANT TO US, AS IT IS TO YOU. YOU WILL GET REGULAR UPDATES BY E-MAIL.
Why couldn’t I simply turn to the respective truck manufacturer and demand damages?
Of course, you can do so. The results will probably not satisfy you. The past has often shown that corporations vigorously deny compensation claims out of hand, no matter how valid they may be. Companies are taking advantage of the deterrent effect of a complex lawsuit. They expect the strict refusal to pay anything will work in their favor if only a fraction of the claimants eventually go to court. And regrettably, they are probably right.
In short: IMAGINE THIS ENDEAVOUR JUST LIKE GETTING A SPACESHIP TO THE MOON. EVERYTHING MUST BE AT PLACE, ON TIME. FAILING TO PREPARE WELL WILL RESULT IN COSTLY DISASTER. EVERYONE IS FREE TO TRY BY HIMSELF, VERY FEW WILL ACTUALLY GET IT DONE.
Questions? Get in touch!