German Court of Appeals Allows Suit by Claims Consolidator to Go Forward
The case pending before the regional court in Düsseldorf concerns a thirty-year cartel of cement companies, and is being brought on behalf of 29 of the largest customers by Cartel Damage Claims (CDC). CDC is a Belgian claims consolidator, which is seeking over 100 million Euros in the action.
The Düsseldorf court of appeals ruled yesterday that the collective action brought by the claims consolidator is admissible, upholding the ruling of the regional court. No leave to appeal was granted. The ruling means that the substantive case will go forward. The press release in German can be found here.
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