Did you acquire a truck between 1998 and 2014?
If you did, this truck is very likely affected by the truck cartel. You may be entitled to a claim for compensation of up to €10,000 per truck.
We can recover this claim for you at no cost or risk to you, and our fees are based solely on a successful outcome of your case.
The cartel
Nearly 100% of the truck market in Europe is made up of 6 manufacturers.
- -Daimler
- -Iveco
- -MAN
- -DAF
- -Volvo/Renault
- -Scania
Between 1997 and 2011 they agreed to fix their gross list prices and thus blatantly violated European competition law. In 2011 the cartel was uncovered and the EU Commission initiated an investigation. It was completed in 2016 and ended with the cartel members being ordered to pay a record fine of more than 3 billion euros.
All of the manufacturers accepted this fine with the exception of Scania, which took legal action against this penalty notice and lost in the first instance before the European Court.
As a result, the buyers of trucks are entitled to a compensation claim for the excessive prices caused by the cartel agreeing to manipulate the market.
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What vehicles are affected?
In principle, all trucks purchased between 1998 and 2011 are affected. Additionally, trucks purchased between 2012 and 2014 (inclusive) are likely affected, because the end of the cartel did not have any immediate effect on prices. The price for trucks take several years until they come down to the level that would have prevailed without the cartel. Expert witnesses assume that dismantling the cartel did not have any significant effect on truck prices until the end of 2014.
The following prerequisites must be met to assert claims for compensation against the truck cartel:
- Acquisition period: 01 January 1998 to 31 December 2014
- Type of acquisition: purchase, rent-to-buy, leasing
- Permissible gross vehicle weight: 6 metric tonnes or more
- Vehicle condition: Only trucks that were bought newly by claimant
If you meet these conditions, we can help you exercise your rights at no cost or risk to you.
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How can the people and businesses affected receive compensation?
Anyone affected by the truck cartel must assert their compensation claims before a court of law. This type of legal action requires a lot of effort and is associated with high costs. Considerable fees for legal representation and expert opinions are incurred in these types of cases in addition to the actual court fees. For this reason, it makes more financial sense to bundle numerous claims together.
We organise these types of cases against manufacturers on behalf of the people and businesses affected by the truck cartel. You only have to retain our legal services and submit proof to us that the trucks acquired by you are eligible by submitting invoices, order confirmations, etc.
We bear all costs and risks associated with litigation on your behalf. In the event you win your case, we will be entitled to a 35% share of the amount awarded through litigation. If you do not receive payment, you do not have to pay anything. In other words, you do not face any risk of costs whatsoever.
Alternatively, we offer you a purchase of your claims. This would have the advantage for you that you would receive money immediately and would no longer be dependent on the course of the legal proceedings.
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Our services
About us
Shelter Truck Holding, LLC is a special purpose entity which was founded to litigate compensation for the people and businesses affected by the truck cartel. Shelter Truck offers victims financing for litigation. With this type of litigation financing, the financer assumes responsibility for all costs associated with the legal action and is solely responsible for them in the event a case is lost. If a case is financially successful, the financer will receive a share of the litigated amount awarded.
Shelter Truck Holding, LLC is backed by US investors with considerable financial resources and experience in litigation financing.
With Shelter Truck you have an extremely competent and financially strong partner at your side.
Frequently asked questions
There are not any up-front costs. Shelter Truck assumes the full risk of the costs. If the claims are successful, the costs for the court proceedings are initially deducted. A flat rate of € 200 per truck is charged for this or a maximum of 5% of the compensation per truck. This flat rate cap guarantees you that the costs for the court proceedings will not spiral out of control.
The remaining amount is then split between the client (65%) and Shelter Truck (35%).
Here is an example calculation:
You receive 10,000 euros in compensation for a truck. 5%, or 500 euros, is deducted for court costs. From the remaining 9,500 euros, Shelter Truck receives 35%, which is 3,350 euros. You receive 6,175 euros.