In summary, the proposed class to be covered by UKTC’s claim is any person or organisation who, during the period of the cartel (1997-2011), purchased or leased one or more new medium or heavy trucks (i.e., trucks weighing 6 tonnes or more) registered in the UK. It includes all those who drive and operate trucks as part of their business. Given the terms of the cartel decision, the proposed class does not include second-hand trucks or military trucks, and it also excludes authorised dealers of truck manufacturers and finance companies.
The class covered by UKTC’s claim therefore comprises potential claimants from a wide range of sectors, including but not exclusively:
- truck hire
- delivery services
- local authorities
- emergency services
The cost and funding position is different for an “opt-in” CPO (i.e., where a prospective class member has to choose as to whether to join the class in the opt-in claim). UKTC has applied for an opt-in as an alternative to its opt-out claim, although its main application is for an opt-out claim.
The deadline for starting a claim
Calculation of Compensation
Damages will be determined by calculating the difference between the artificially inflated price paid in the market to purchase or lease a new truck during the period affected by the cartel, and the price that would have applied in a competitive market had there not been the unlawful cartel.
UKTC will seek damages for all members of the proposed class based on their spend in each year of the cartel, plus interest to reflect the passage of time. Large fleet operators may have claims worth millions and smaller operators may have claims running to tens or hundreds of thousands of pounds.
UKTC’s Legal and Economic Team
UKTC has also appointed a highly experienced counsel team made up of Rhodri Thompson QC, Nicholas Gibson, and Niamh Cleary. Mr Thompson QC is a leading competition law specialist, and Mr Gibson and Ms Cleary both have extensive experience of complex litigation and competition law disputes.
Dr. Andrew Lillico of Europe Economics is UKTC’s highly experienced economic expert who is assisting in the calculation of damages and formulating a fair way to distribute any damages to the class members.
Funding the Claim
A class claim enables the class members to share the costs of the claim, including legal and professional costs.
UKTC has secured litigation funding for its applications.
The litigation funder is paying Court fees and experts’ fees. Weightmans’ fees will be paid at the end of the case if it succeeds. UKTC will ask the Tribunal to order the cartelists to reimburse Weightmans’ fees, the funder’s fees and the disbursements paid by the funder. Any unrecovered expenses and costs will be met by the Weightmans and/or the funder.
There is no cost risk to UKTC or to the class members if the claim fails. The funder has arranged an insurance-backed indemnity for any adverse costs.
These funding arrangements have been approved by the Tribunal.
When the Tribunal makes its decision as to whether UKTC’s class action should go forward, we will provide further guidance on how you participate and how to make your claim. In outline:
– if the application is approved on an “opt-out” basis then there will be no need for you to make a claim until an “aggregate damages” award is made; or
– if the application is approved on an “opt-in” basis then the Tribunal will give directions as to when and how individual claims are to be made.
Anyone wanting to benefit from UKTC’s claim need take no action at this stage. However, if you wish to register your interest in the UKTC claim and to receive regular updates from Weightmans, or to take an active role in assisting in this important claim, or if you have an questions or comments, please email firstname.lastname@example.org