An interesting and positive judgment for all competition damages claimants was made by the Competition Appeal Tribunal (CAT) last week in relation to the Truck Cartel, explains Nick Wood.
The judgment confirmed that the European Commission (EC) decision can be relied on and used in full to support a claimant’s case and stops cartelists from cherry-picking parts they say can or can’t be used.
The decision confirmed the following:
The EC’s settlement with the truck manufacturers is binding on several damages claims that have already been brought against the manufacturers in the UK
It would be an abuse of process and unfair to existing claimants if the cartelists were allowed to deny admissions made in the EC decision, which had been made in order to receive a €330 million reduction in their fine
That the “recitals” in the EC decision, that expanded on the enforcement agency’s findings, which said the cartelists had a “single anti-competitive economic aim” to distort the normal movement of prices for trucks in the EEA ,could be relied upon by the claimants
That the cartelists can only refute assertions in the decision if a claimant has no issue with them doing so
The burden would also be on the cartelists to produce new evidence that it could not reasonably have had at the time of the EC’s investigation, or show discrepancies in supporting documents that were used
Clear demonstration of the progress being made by existing claimant groups
In addition, the CAT did not look favourably on the defendants taking advantage of the reduction in the fine by making admissions initially, but then denying the information provided in the admissions further down the line in order to reduce damages claims made against it by those who had suffered as a result of the cartel, especially given the defendants would have been in a position to receive legal advice on the consequences of making the admissions.
This is a clear demonstration of the progress being made by existing claimant groups and is forging a strong path for potential claimants to follow.
We would be happy to speak to any business to explore their potential claim in the trucks cartel, with our group being led by Constantine Cannon, supported by Philip Moser QC of Monckton Chambers and London Economics. Any business that used trucks (purchased, leased or third-party outsourced) between 1997 and 2011, purchased either from the cartelists or not, may have a claim. The claim is being funded by Vannin Capital, meaning claimants don’t pay the ongoing costs - these are deducted from recoveries and only paid if we are successful.
We are also happy to explore other confirmed cartels, such as interchange fee, capacitors and canned vegetables, together with the potential cartels being investigated, such as metal packaging.