- The rolling car carrier cartel court craze has turned to the UK, where a class action lawsuit has been launched.
- Five firms – CSAV, K Line, MOL, NYK and Wallenius Wilhelmsen Logistics – were fined EUR395m ($446m) in 2018 by the European Commission.
- Based on this European verdict, London’s Competition Appeal Tribunal has given the green light to a class action to claim against the same five shipping companies.
The rolling car carrier cartel court craze has turned to the UK, where a class action lawsuit has been launched this week, says an article published on splash247 website.
Class action against shipping companies
Car carriers have been hit by fines across the globe in recent years. Five firms – CSAV, K Line, MOL, NYK and Wallenius Wilhelmsen Logistics – were fined EUR395m ($446m) in 2018 by the European Commission, found guilty of rigging bids.
Based on this European verdict, London’s Competition Appeal Tribunal has given the green light to a class action to claim against the same five shipping companies.
Motorists who bought or leased a new car between October 2006 and September 2015 are automatically included in the claim, which is seeking damages worth around £150m ($203m).
Other car carrier investigations have taken place in South Africa, Australia, Asia and North America.
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Source: splash247
