DAMAGES ESTIMATION IN THE EUROPEAN TRUCK MARKET – ONGOING

Lear is assisting multiple hauliers in the Italian, Slovak, and Czech Republic market in the action for damages arising from a collusive price-fixing agreement in the market for medium and heavy trucks, as established by the European Commission. In Italy, Lear is currently involved in five claims and assisting 212 firms. Lear economists have been appointed for assessing the price overcharge caused by the cartel and for showing the lack of any substantial pass-on rate from the intermediate to the final consumer. Lear has estimated the price overcharge caused by the cartel using a consolidated methodology in the practice, the “during and after” estimation method.