Topic: Follow-on claims

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

CAT rejects mitigation defence in ball bearings cartel claim

The UK’s Competition Appeal Tribunal has refused to allow a member of the EU ball bearings cartel to argue that Fiat-Chrysler mitigated any loss it suffered as a result of the collusion by reducing supply costs for other goods and services.

24 June 2021

Health authorities should have pushed alternative medication, Servier tells UK court

Servier has kicked off its bid to convince a UK court that national health authorities should have encouraged doctors to prescribe cheaper generic drugs to mitigate their losses from its pay-for-delay settlements relating to a blood pressure medication.

17 June 2021

CAT rejects truck conspirator’s request to expand mitigation defence

The UK's Competition Appeal Tribunal has refused an application by DAF to argue that BT and Royal Mail mitigated any overcharge from the EU trucks cartel by negotiating lower prices with suppliers.

17 May 2021

National courts can expand air cargo damages claims, AG Bobek says

National courts can award victims of the air cargo cartel damages for collusion that affected certain routes before EU competition rules became effective in 2004, an EU advocate-general has said.

06 May 2021

German court rules in favour of fixed-rate damages clauses

Germany’s highest court has ruled that parties to a purchasing contract can include a clause that compensates the victim of cartel conduct by up to 15% of the total order.

05 May 2021

First antitrust class action filed in Norway

A consumer association has launched Norway’s first class action seeking competition damages, as it pursues compensation on behalf of 400,000 customers allegedly injured when two home alarm companies colluded to share the market.

30 April 2021

Trucks association cuts claim period in hopes of class certification

The Road Haulage Association has offered to shave five years off its proposed claim period as it tries to convince the UK’s specialist competition tribunal to certify its collective action against members of the EU trucks cartel.

27 April 2021

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