Edwin Coe LLP has secured funding from Affiniti Finance for its ‘no win, no fee’ legal challenge for compensation following the trucks cartel scandal.
The claims arise out of a European Commission investigation which led to DAF, Daimler (Mercedes-Benz), Iveco, MAN and Volvo/Renault all admitting to having participated in a 14-year illegal price-fixing cartel, between 1997 and 2011.
Scania initially denied any wrongdoing but, following an investigation by the European Commission, was also found to have participated in the cartel.
Collectively, the truck manufacturers were fined more than €3.8 billion (£3.4bn) – the largest ever penalty imposed by the European Commission in this type of case.
Zahia Hussain, of Edwin Coe’s litigation team, said: “We are delighted to be joining forces with Affiniti in relation to the truck cartel claims.
“In conjunction with Affiniti, we are able to offer our clients a cost and risk-free claims process.
“If the claims are unsuccessful for some reason, our clients will have nothing to pay.
“Companies that used trucks weighing six tonnes or more between 1997 and 2011 can pursue their claims through us without risk.”
The Edwin Coe action is one of several legal actions being taken to get compensation for the thousands of UK truck operators who paid over the odds for trucks.
These also include the Road Haulage Association which has submitted its appeal to the Competition Appeal Tribunal to purse its claim against the manufacturers.
ASB Law has recently launched no obligation, specialist cartel strategy workshops to help companies and individuals affected.
The tailored sessions see truck owners in a range of sectors – logistics, construction, haulage and others - receive advice on the available options and guidance on the right route for them.
The Freight Transport Association is advising members to consider the best option for them is they are thinking about pursuing truck cartel claims.
“A class action will not necessarily be their best option,” said Kevin Green, director at FTA.
“We would advise members to have an initial free and no obligation discussion about their options with our recommended legal advisers at ASB Law.”