In July 2016, the European Commission (“EC”) concluded its investigation into collusive practices by heavy truck manufacturers and fined them for infringing Article 101 TFEU. The Commission found that Europe’s largest truck makers (i.e., MAN, Volvo/Renault, Daimler, Iveco, DAF, and Scania) exchanged information for 14 years by fixing prices, delaying the introduction of new emission technologies, and passing on to consumers the costs for required emission technologies.
Compass Lexecon assisted a number of truck manufacturers during the five-year investigation period. After the fining decision by the European Commission, the truck manufacturers were subject to multiple large scale damage claims, for which litigation is still ongoing. Compass Lexecon advises three of the six defendants in the follow-on damages litigation.
Compass Lexecon’s work involves the calculation of damages. We use various empirical techniques to estimate the counterfactual (e.g., during-and-after regression analysis), in preparation for civil litigation in courts in EU member states.
The different Compass Lexecon teams are led by Thilo Klein, Lorenzo Coppi, Damien Neven, and Enrique Andreu.