£2bn trucks cartel claim gets green light

A £2bn claim against some of the world’s biggest truck manufacturers over their involvement in a price-fixing cartel has been given the green light by the Competition Appeal Tribunal, which has granted the first-ever opt-in collective proceedings order in the UK. Claimant Road Haulage Association will have to pay litigation funder Therium 6% if the total damages awarded, if any, are over £2bn and 8% if they are over £3bn – and as much as 30% if damages are no more than £150m – but the CAT noted that ‘collective proceedings would be impossible without third-party funding’.

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Chris Wilkins joins Therium

Chris Wilkins has joined the London investment team of Therium. Chris was previously an associate in the Disputes and Investigations Group at Slaughter and May.

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Bargain Shares: Exploiting information voids

The share price of litigation claims processor Anexo may not reflect its full value, as investors appear not to have fully factored in Volkswagen’s £193mn out-of-court settlement for the Therium class action brought against the German carmaker by 91,000 emission scandal claimants. Indeed, an out-of-court settlement looks a racing certainty for Anexo’s own action against VW (on behalf of 13,000 claimants) well before January’s court date.

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