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Daimler and Volvo Face Retrial in €560 Million Cartel Suit
- Price-fixing damage case allowed to restart in trial court
- Appeals court clears Financialright’s model of buying claims
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Daimler Truck Holding AG and Volvo AB will face a retrial in a €560 million ($603 million) case over a price fixing cartel, a German appeals court ruled.
Judges in Munich overturned a previous ruling dismissing the case that’s seeking to make truckmakers pay for overcharging customers for their vehicles. Among the defendants are also Volkswagen AG’s MAN unit and Iveco Group NV.