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SHIPWRECK Millions of UK drivers could receive compensation after shipping company scam saw new car prices rise

THE SUN, MILLIONS of Brits have been ripped off by a shipping company scam which inflated the price of new cars. Drivers who bought or leased a new motor between October 2006 and September 2015 could receive a payout, after five shipping companies fixed their charges for bringing models into the UK. The firms - [...]

2020-03-02T12:34:06-05:00March 2nd, 2020|0 Comments

Class action could mean refund of £60 per new car

DEALERSHIPS could be in line for a refund of up to £60 per new car that they bought, thanks to a class action against five major shipping companies. Car Dealer Magazine, It follows a multi-million-euro fine by the European Commission after MOL, ‘K’ Line, NYK, WWL/EUKOR and CSAV were found to have violated EU competition [...]

2020-03-02T12:28:24-05:00March 2nd, 2020|0 Comments

Car Shipping Cartel Faces £150M Class Action

Law360, London (March 2, 2020, 2:51 PM GMT) -- Five shipping companies fined for running a cartel for transporting cars to the U.K. have become the target of a £150 million ($189 million) million U.S.-style class action in London led by law firm Scott+Scott UK LLP. The claim has been filed at the U.K. Competition [...]

2020-03-02T12:20:57-05:00March 2nd, 2020|0 Comments

Millions of British motorists are ripped off in £150million scam inflating the price of new cars after shipping firms conspired to fix delivery costs

The Daily Mail - Millions of motorists have been ripped off in a £150million delivery scheme to inflate the price of new cars, it is claimed. Eight in ten new cars have seen price increases of up to £60 after shipping firms conspired to fix delivery costs, according to a lawsuit. A total of 17million [...]

2020-02-29T09:34:01-05:00February 29th, 2020|0 Comments

Credit Suisse Hit With Costs In Ex-Director’s Suit

Law360, London (February 18, 2020, 8:55 PM GMT) -- A judge ordered Credit Suisse to pay some of a former employee's costs on Tuesday after he largely fended off a bid to pare down his £46 million ($60 million) lawsuit over his imprisonment in Romania on espionage charges while working for the lender. In his [...]

2020-02-18T17:48:07-05:00February 18th, 2020|0 Comments

Class Action Comes To UK With Major Forex Rigging Suit

Law360, London (November 5, 2019, 3:28 PM GMT) -- A consumer antitrust suit brought by investors seeking at least £1 billion ($1.3 billion) from five banking giants, including JPMorgan and Barclays, over allegations of foreign exchange rigging is set to be heard at a London tribunal on Wednesday in a test case for US-style class [...]

2020-02-17T16:44:08-05:00November 5th, 2019|0 Comments

Gulf Utility Providers File Damages Suits Against Prysmian, Others Over Power-cable Cartel

MLex - In Brief : ​State utility companies in Bahrain, Saudi Arabia, Kuwait and Oman have filed damages claims against power-cable producers over their involvement in a multiyear global cartel, MLex has learned. The antitrust suits, filed in the Netherlands, list 15 target companies, including Prysmian and ABB, and the claimants seek losses from cable [...]

2020-02-17T16:45:38-05:00October 24th, 2019|0 Comments

The currency-trading scandal continues to dog the banks

The Economist, The CAT and the (alleged) fiddle  Banks are in the frame for Britain’s latest collective-action claim THE LAUGHING stopped long ago. Between 2007 and 2013, in online chatrooms called “Three Way Banana Split”, “Essex Express ’n the Jimmy” and other rib-ticklers, currency traders yapped about all sorts of things—including market tactics. The banter [...]

2020-02-17T16:50:16-05:00August 2nd, 2019|0 Comments

Banks face £1 billion lawsuit over foreign exchange rigging

The Times, Five banks will face a £1 billion class action lawsuit in Britain for allegedly rigging the foreign exchange market between 2007 and 2013, lawyers said.  Barclays, Citibank, the Royal Bank of Scotland, JP Morgan and UBS will go before the competition appeal tribunal after earlier this year being found to have breached European [...]

2020-02-17T16:55:28-05:00July 30th, 2019|0 Comments

Five banks face civil lawsuit in London over forex dealing

Financial Times, The European version of a class-action lawsuit that resulted in $2.3bn of settlements in the US is being filed in London on Monday, as lawyers move to bring a civil case against five banks claiming that dealers manipulated foreign exchange markets and caused investors significant losses on currency trades. The civil case comes [...]

2020-02-17T16:57:15-05:00July 29th, 2019|0 Comments