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Jul 15, 2017

TRUCKMAKERS' CARTEL * UK: A class action against a group

* London - Cartel of truck manufacturers could face a compensation bill of nearly £4bn

---   A second law firm and a financier have joined a class action against a group of truck manufacturers, offering support to claimants... Hausfeld has teamed with Burford Capital to offer legal and financial help to hauliers affected by the truck cartel... Companies across the European Economic Area that bought or leased medium or heavy-duty trucks from any of the members of the cartel have a right to compensation if they suffered losses as a result of higher prices they had to pay. They may also claim interest... The UK Road Haulage Association (RHA) believes compensation of around £6,000 per truck is likely... The truck manufacturers could be liable for claims amounting to some £3.9bn... Hausfield adds that there are some 650,000 hauliers operating in Europe, many of which are small businesses... 
(Photo by Valeria Cantone)  --  London, EN, UK - The Load Star, by Alex Lennane - 7 July 2017

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