Last year the European Commission fined five of the major truck manufacturers 2.9 billion Euros for colluding in a price-fixing cartel.
As a result the Road Haulage Association, its legal counsel Backhouse Jones and Exchange Chambers are leading a group claim for compensation before the Competition Appeal Tribunal in London. The financial support for this group action is being provided by litigation funding experts Therium.
Almost 2000 hauliers have now signed up to the action and a further 650 have expressed and registered their interest. Those that have already signed up account for circa 120,000 vehicles over 6 tonnes purchased or leased during the Cartel period.