Financing of antitrust damage lawsuits
Many business are affected by damages from cartels. Often, the damage claims and the way to implement these claims isn’t visible and transparent for the affected businesses and the financial risk through long lawsuits is unforeseeably large.
This is where CREDITALE comes in.
CREDITALE is a limited company under German law, registered with the Memmingen registration court under HRB 16307. Its business purpose is the financing of antitrust damages lawsuits.
CREDITALE does not assume any legal advice, rather exclusively the financing of antitrust damages lawsuits for its clients. CREDITALE works together closely with renowned experts from the legal as well as economical environment and can ensure the highest quality and chances of success in enforcing these claims.
Lorry cartel:
Damage to lorry buyers
On 19 July 2016, the EU Commission imposed a fine running into the billions against multiple manufacturers of heavy goods vehicles. The Commission confirmed the fact that the lorry manufacturers MAN, Volvo/Renault, Daimler, Iveco and DAF met unlawful agreements on pricing in the lorry market for more than a decade. All buyers of lorries from these brands were damaged in the years 1997 - 2012.
Car batteries cartel:
Scrap dealers suffer under consultation of purchase prices
In 2017, the European Commission imposed a total fine of 68 million Euro against the companies Campine, Eco-Bat Technologies and Recylex. The cartel was charged with the purchase prices for used lead batteries. The damaged scrap dealers can now claim damages.
EC cards cartel:
Damage of businesses in EC card use
For years, traders have paid a fixed fee of 0.3 percent of sales to EC Card organisations of banks in EC Card transactions. Only since 2014 can the fees be freely agreed with the banks through the intervention of the Federal Cartel Office. As a result, the fees fell by up to 40 percent.
Bathroom-Cartel:
Plumbing retailers paid too much for years
The European Court of Justice confirms the illegal price agreement of 17 manufacturers of fittings and sanitary-ceramic articles between the years 1992 and 2004. Overall, the EU Commission imposed fines to the amount of 622 million Euro. Several construction companies, tradesmen and plumbing retailers have paid excessive prices for these items and thus have, if necessary, made claims for damages.