First lawsuit brought by Lieff Cabraser in Germany on behalf of TransAtlantis seen likely to give momentum to cartel damages litigation against the truck cartel
January 12, 2021 — Lieff Cabraser’s Munich office is leading aggregate litigation against the infamous European truck cartel of truck manufacturers Daimler, DAF, Iveco, MAN, Volvo/Renault, and Scania. In its 2016 and 2017 decisions, the European Commission fined the truck manufacturers 3.8 billion Euros, the highest fines in the history of the European Commission’s cartel prosecution (case AT.39824).
TransAtlantis is a Luxembourg joint venture between two US investment funds. By way of a new structure of purchases and assignments set up by Lieff Cabraser, TransAtlantis bundled more than 11,000 claims from more than 450 assignors from nine European countries in its Munich litigation where it is asking Daimler and MAN for more than 61 million in damages plus interest, currently amounting to 100 million euros in total. TransAtlantis is also suing the truck cartel in the Netherlands with an action aggregating more than 13,000 claims.
Lieff Cabraser is one of the largest firms in the U.S. that serves only plaintiffs. Last spring, Lieff Cabraser opened its first European office in Munich with Dr. Katharina Kolb who joined from Milbank.