Press Release: Judgment in Case C-557/12 Kone AG and Others v ÖBB-Infrastruktur AG – EU ruling could open floodgates on cartel lawsuits

Author (Corporate)
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Series Details No.79
Publication Date 05/06/2014
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In a verdict on 5 June 2014, the European Court of Justice stated that companies that participate in cartels are responsible for the losses caused by competitors being forced to raise their prices.

Therefore, individuals can claim compensation from cartels even if they did not buy products from one of the companies involved, the EU's top court ruled.
Source Link http://curia.europa.eu/jcms/upload/docs/application/pdf/2014-06/cp140079en.pdf
Related Links
EUObserver, 06.06.14: EU ruling could open floodgates on cartel lawsuits http://euobserver.com/news/124508
EurActiv, 06.06.14: EU court ruling to prompt consumer damages claims against cartels http://www.euractiv.com/sections/euro-finance/eu-court-ruling-prompt-consumer-damages-claims-against-cartels-302658
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