More than 10,000 truck operators have signed up or registered to the Road Haulage Association’s cartel claim to secure compensation for firms who paid artificially high prices for their vehicles.
The claim – which has the largest take up in Europe – is already estimated to be worth more than £1.5bn, and follows the 2016 European Commission ruling against a number of truck manufacturers who were found to have illegally fixed truck prices between 1997 and 2011.
The RHA’s application to represent the industry will be heard by the Competition Appeal Tribunal (CAT) hearing in June which will decide whether the Association will be appointed class representative to go ahead with its compensation claim.
RHA chief executive, Richard Burnett is confident that the RHA will get the green light to go ahead with their claim. He said that more than 8,700 operators have already joined and a further 1,400 are going through a sign-up process with more joining the process every day.
“The truck cartel operated for 14 years and it’s likely that its impact on truck prices continued even beyond that. We’re working tirelessly to ensure that truck operators who suffered as a result get the compensation they deserve.”
Steven Meyerhoff, a director at Backhouse Jones, who leads the RHA’s external legal team said: “If the RHA is successful in being appointed class representative, this will be the first case of its kind under the new regime and will mark an important shift towards ensuring that those who suffer financial harm at the hands of competition law infringers get the redress they deserve.
Mr Meyerhoff urged any UK truck operators who haven’t yet signed up to the RHA’s claim to do so.
Click Here to find out how to sign up to the RHA’s collective claim.