Topic: Follow-on claims

Top German court blesses indirect purchaser claims in trucks litigation

The EU trucks cartel likely raised the prices of trucks manufactured and sold by companies that were not part of the collusion, Germany’s highest court has ruled.

15 September 2021

CAT certifies first UK competition class action

The UK’s Competition Appeal Tribunal has issued its highly-anticipated decision certifying the country’s first-ever antitrust class action, designating Walter Merricks as the representative to lead the multi-billion pound claim against Mastercard.

18 August 2021

Telecom Italia and Vodafone settle five antitrust claims

Telecom Italia and Vodafone have agreed to end all legal disputes between themselves, including five antitrust cases that saw Vodafone seeking more than €2 billion in damages from Italy’s leading telecommunications provider.

12 August 2021

Last remaining banks settle Canadian forex cartel claims

The four remaining non-settling bank defendants in Canada’s Forex cartel class action have agreed to pay roughly €16.1 million to settle claims that they conspired to manipulate foreign exchange rates.

30 July 2021

UK Forex class actions will collapse if not pursued as opt-out claims, counsel argues

Neither of the proposed claimants seeking to bring collective damages actions against members of the Forex cartel will pursue opt-in claims if their bids for opt-out certification fail, the UK’s Competition Appeal Tribunal has heard.

16 July 2021

ECJ clarifies jurisdiction in Spanish trucks cartel damages claim

The European Court of Justice has confirmed that a specific court in Spain should hear a follow-on claim against Volvo for damages that arose from the trucks cartel, after clarifying EU rules on international and territorial jurisdiction.

16 July 2021

CAT chairman questions alleged effects of Forex cartel

The UK judge overseeing two proposed class actions against members of the Forex cartel has laid out his initial concerns about both claimants’ theories of harm.

15 July 2021

Banks urge UK tribunal to avoid opt-out route in Forex cartel claims

Neither of the proposed UK class actions seeking damages from members of the Forex cartel should proceed on an opt-out basis, the defendant banks have argued.

14 July 2021

Forex cartel had marketwide impact on every currency trade, UK tribunal told

Banks that rigged foreign exchange rates for specific currency trades also tacitly colluded on pricing strategies, affecting other trades between different customers and banks that were not part of the conspiracy, an expert economist has told the UK’s Competition Appeal Tribunal.

13 July 2021

UK tribunal hears competing forex claims in first-ever carriage dispute

A former inquiry chair at the UK’s antitrust watchdog and a former chairman of the country’s pensions regulator have appeared before the UK’s Competition Appeal Tribunal to argue why each of their respective proposed class actions against forex cartel members should be the one to proceed.

12 July 2021

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