Class action vehicle lawsuit settles at £55m less than original value
A class action lawsuit representing millions of UK motorists and businesses affected by inflated shipping fees has settled for £57m less than its original £150m target. The claim, brought by class action representative and former Which? campaigns specialist Mark McLaren, alleged that from October 2006 to September 2012, leading European shipping companies had breached competition [...]
A class action lawsuit representing millions of UK motorists and businesses impacted by overcharged shipping fees has been settled for £55 million less than its original £150 million target, according to the Competition Appeal Tribunal (CAT). The claim, brought forward by Mark McLaren, a former Which? campaigns specialist, alleged that European shipping firms colluded between 2006 and 2012 to fix prices, exchange confidential information, and divide customers to prevent competition.
The cartel influenced shipments of 17 million new cars and vans destined for the UK from manufacturers such as Ford, Vauxhall, Volkswagen, BMW, Mercedes-Benz, and Nissan. Individual payouts will commence at £25 per vehicle, with additional compensation for those with multiple affected vehicles, up to a maximum of £55.87 million in total compensation.
McLaren's law firm, Scott + Scott, emphasized that the settlement addresses the overcharging of consumers and businesses due to undisclosed agreements among the shipping companies.
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