British road hauliers are being encouraged to join a legal action against five lorry manufacturers after EU competition watchdogs convicted them of operating a cartel.
Lawyers estimate that the claim will be valued at hundreds of millions of pounds with claimant businesses joining the action from across Europe.
The London office of Hausfeld, a US law firm, is leading the action and said yesterday that it had obtained third-party funding to finance the claim. A joint statement from the lawyers and Burford Capital said the funding package would support claimants suing in the wake of the European Commission’s ruling a year ago.