By judgment of 1 February 2024, the Court of Justice of the European Union dismissed Scania’s appeal and upheld the fine of €880 million imposed by the Commission.
On 19 July 2016, the European Commission issued a decision establishing one of the largest cartels in European history.
The Commission sanctioned the manufacturers MAN, Volvo/Renault, Daimler, Iveco and DAF for having infringed European Union antitrust rules for 14 years, from 1997 to 2011, distorting the truck market through collusive pricing arrangements and passing on to customers part of the costs of complying with increasingly stringent emissions regulations.
The aforementioned truck manufacturers admitted their involvement in the cartel and reached a settlement with the European Commission, which imposed a record fine of €2.93 billion. The Commission also opened proceedings against Scania, which had declined to settle; those proceedings concluded on 27 September 2017 with a fine of over €880 million for its participation in the cartel.
Case Summary
By judgment of 1 February 2024, the Court of Justice of the European Union upheld the aforementioned sanction, opening the possibility for those harmed by the cartel to bring claims against Scania in respect of trucks purchased from other suppliers as well, provided they have not yet taken action to seek compensation for damages.
FDC offers companies and individuals who purchased or leased medium and heavy trucks the exceptional opportunity to assign their potential compensation claim, receiving a consideration proportionate to the number of trucks purchased during the cartel period that meet the eligibility criteria.
Participants in the Libra campaign will therefore be able to immediately receive the proceeds of the assignment, without having to pursue proceedings against the truck manufacturers or await the outcome of litigation.
The campaign will run from 1 April 2024 until the available funding allocation is exhausted.
Calculate the value of your claim and join the campaign.
I first heard about Libra through an acquaintance, and at first it seemed too good to be true. Their consultants helped me understand how it is possible to assign a credit claim and receive immediate payment for a matter that had seemed closed for years — the European truck manufacturers' cartel. Libra's back office guided me step by step, and within a few days I received a valuation of my fleet of heavy lorries over 6 tonnes; within the agreed timeframe, I received a bank transfer of €18,200.
I would wholeheartedly recommend Libra to all companies that, like mine, purchased trucks and have not yet submitted a claim.
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