The Audiencia Provincial of Barcelona has partially overturned eight judgments of two sections of the Juzgado de lo Mercantil of Barcelona which had awarded damages to several claimants in follow-on actions based on the Spanish envelope cartel case. The Audiencia Provincial partially accepts the envelopes manufacturers’ appeals, and consequently reduced the amount of the damages, substituting the quantification contained in the claimants’ reports for a judicial estimation amounting to an overcharge of a 20% of the purchase price. The Audiencia Provincial’s judgments also limit the responsibility of one of the defendants – who had a shorter participation on the infringement – to the period in which it participated in the infringement (only from 2006 on) instead of the whole period of

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