As well as its expertise in capital markets and corporate litigation, defending against
antitrust damage claims constitutes a central pillar of Gleiss Lutz's practice.
Not exact matches
«Requiring the banks to pay treble
damages to every plaintiff who ended up on the wrong side of an independent Libor ‐ denominated derivative swap would, if appellants» allegations were proved at trial, not only bankrupt 16 of the world's most important financial institutions, but also vastly extend the potential scope of
antitrust liability in myriad markets where derivative instruments have proliferated,» the U.S. Court of Appeals in New York said in the ruling.A U.S. appeals court on Monday revived private
antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors»
claims of market - rigging.
Monday's decision overturned a March 2013 dismissal by U.S. District Judge Naomi Reice Buchwald in Manhattan of
antitrust claims that could justify triple
damages.
Plaintiffs bring
claims under federal and state
antitrust laws to enjoin the illegal conduct and to obtain
damages.»
Eversheds Sutherland acts in
antitrust and competition law litigation alongside corporate and commercial disputes, frequently with practice head Joos Hellert in the lead: he represented a client from the luxury furniture sector in several sales
antitrust law proceedings, and assisted a new client with a corporate dispute, including cross-border elements, pertaining to the inclusion of shares in a medical device company and related
damage claims.
In recent work, the team defended the sugar producer Nordzucker against
damage claims following
antitrust procedures, while Markus Meier and Gerd Sassenrath have been representing Porsche Automobil Holding in several prominent proceedings including the defence against dieselgate - related
damage claims, various corporate disputes and in criminal proceedings against former board members.
In Europe, the
antitrust claims are typically advanced by the European Commission and then, once a decision and judgment has been rendered, private claimants can piggy back on the decision to
claims damages.
We advise clients and prepare economic reports on a wide range of economic competition issues in the context of merger control proceedings,
antitrust and market abuse investigations, state aid investigations and
antitrust claims for
damages.
Competition disputes are now firmly part of the
antitrust landscape, with private enforcement of competition law — both multimillion follow - on cartel
damages claims and standalone litigation — having risen massively in recent years.
Since the New Law took effect, companies are more exposed to
claims for
antitrust damages and face claimants who have a strengthened litigation position.
The new legislation is expected to open the door for
damages claims arising from
antitrust infringements in the country.