What truck cartel?
On 19 July 2016, the European Commission decided that major truck manufacturers, MAN, Volvo / Renault, Daimler, Iveco and DAF, have to pay a total of EUR 2.93 billion in fine for participating in a cartel. Scania disagreed with the decision, but the European Commission decision of 27 September 2017 also identified Scania's stake and fined Scania more than EUR 880 million on the same basis (which Scania has contested). The activities of the cartel participants consisted in particular of coordinating and artificially maintaining ex-factory prices for medium-sized (weighing between 6000 and 16000 kg) and large trucks (weighing more than 16000 kg) and delaying the introduction of various sustainable technologies on the market. The cartel began to develop in 1997 and was systematically operational between 2004 and 2011.
What does it mean?
If you purchased (or leased) new trucks from cartel members between April 1, 2005 and January 18, 2011, you have a claim for damages because you paid higher prices for the trucks than you would have had to pay in a non-cartel market.
How do I realize my claim?
Individual enforcement of a potential claim would be extremely costly and, in Estonia, time-barred due to statute of limitations. Therefore, we introduce you to a venture capital fund that collects damages claims against cartel members across Europe and submits them (on their behalf) against the cartel members' headquarters in order to achieve the most efficient process cost / benefit ratio. You will be compensated up to € 1000 per truck.
What's the next step?
Provide us (digitally / with post / in-person) with proof of purchase documents. If not available, please let us know and we will find a solution. The whole process is risk-free, cost-free and hassle-free. We have successfully cooperated with leasing companies and the Road Administration Agency and have already onboarded 113 local transport companies with a total of more than a thousand trucks.
What is the timeline?
All documents must be submitted latest 22 June 2020. Please keep in mind that inquries to leasing companies and the Road Administration Agency take 1-4 weeks.