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Breakfast Briefing: Potential for Compensation Payment – Road Haulage Association Group Action Against Truck Cartel
December 6, 2018 8:45 am - 9:30 am
A claim for financial compensation being pursued by the Road Haulage Association (RHA) on behalf of firms – including construction companies -who purchase or lease rigid or tractor trucks.
This Breakfast Briefing event will allow CECA members to hear first hand from RHA & their legal team on how this may apply to your business.
This 45 minute Briefing will precede the previously notified FREE Delay and Money Masterclass seminar by Pinsent Masons. If you wish to attend the Group Action Against the Truck Cartel Breakfast Briefing – and have not already registered to attend the Delay & Money Masterclass seminar – please contact firstname.lastname@example.org
Background: Claim Money Owed To You – RHA Truck Cartel Claim
· European truck manufacturers fined over £3 billion for illegal price fixing
· Your chance to obtain £6,000 per vehicle (6 tonnes upwards) leased or purchased since 1997 – second-hand vehicles included
· Covers large variety of vehicles used in construction industry
· Free to join claim – no need to be RHA member
What is the RHA doing? – The RHA has started a claim for financial compensation on behalf of all truck operators. Over 4,000 operators have already signed up and another 750 have registered interest and are in the process of signing up.
Why is the RHA bringing the claim?
The claim relates to illegal price fixing by European truck manufacturers over a 14-year period from 1997 for which they were fined over £3 billion by the European Commission.
What does the claim cover?
The claim covers new and second-hand rigid and tractor trucks weighing 6 tonnes and above of all makes, both purchased and leased. This may also include a large variety of site vehicles (such as dumpers etc) used in the construction industry, although the RHA will not know the full impact of the truck manufacturers’ illegal conduct until later in the legal process. You are encouraged to include all types of vehicle as part of your claim for now and precisely what is included can be sorted out later. You can join the claim even if you only purchased or leased the relevant vehicles since January 2011.
Does it cost anything to join?
There is no cost or risk to you. By joining the claim, you agree to pay a small percentage of your compensation to an investor providing the funding.
How can I join? – It is simple to sign up and have a chance of getting an estimated £6,000 per qualifying vehicle. Just go to www.truckcartellegalaction.com or attend the CECA Scotland Breakfast Briefing for more information.
The Board of CECA Scotland received a full presentation on this issue from the RHA in September. The Board has instructed that CECA members should be made aware of the potential financial windfall to be gained – with no associated risk – from registering to be part of the group claim.