EU Court Clears Way For Subsidiaries To Face Cartel Damages

By Silvia Martelli (October 6, 2021, 5:50 PM BST) — Europe’s highest court ruled on Wednesday that damages lawsuits can be brought against subsidiaries of a company that has violated antitrust law, allowing victims of a truck cartel to claim compensation directly from the automakers.

The European Court of Justice ruled that victims of cartels can claim compensation from subsidiaries of companies penalized for anti-competitive conduct, even if it is just the parent company that has been punished by the European Union.

The decision allows victims of a truck cartel in Europe to sue Mercedes-Benz Trucks Espana, a subsidiary of Daimler AG referred to in court documents as MBTE.

Daimler AG…