The EU Court of Justice rules that cartel members are liable for ’Umbrella Claims’ (Kone)

In a judgment that may expand civil damage liability for cartel participants significantly (Case C-557/12, Kone AG and Others, judgment of June 5, 2014), the European Court of Justice (the ECJ) has ruled that a cartel’s members are liable for “umbrella damages,” which are caused by price increases implemented by parties that

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Skadden, Arps, Slate, Meagher & Flom (Brussels)
  • Dentons (Brussels)

Quotation

Frederic Depoortere, Ingrid Vandenborre, James S. Venit, The EU Court of Justice rules that cartel members are liable for ’Umbrella Claims’ (Kone), 5 June 2014, e-Competitions Bulletin Economic assessment of damages, Art. N° 67169

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