EU Court Clears Way For Subsidiaries To Face Cartel Damages
By Silvia Martelli (October 6, 2021, 5:50 PM BST) -- Europe's highest court ruled on Wednesday that damages lawsuits can be brought against subsidiaries of a company that has violated antitrust law, allowing victims of a truck cartel to claim compensation directly from the automakers.
The European Court of Justice ruled that victims of cartels can claim compensation from subsidiaries of companies penalized for anti-competitive conduct, even if it is just the parent company that has been punished by the European Union.
The decision allows victims of a truck cartel in Europe to sue Mercedes-Benz Trucks España, a subsidiary of Daimler AG referred to in court documents as MBTE.
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