Volvo, DAF Hit Back Against Supermarket Suit Over EU Cartel
By Lucia Osborne-Crowley (January 4, 2022, 2:28 PM GMT) -- Truck makers Volvo and DAF have denied liability in a lawsuit brought by Morrisons, saying they do not owe the British supermarket giant damages for money it allegedly spent on trucks while the manufacturers were part of a European price-fixing plot.
Volvo Group U.K. Ltd. and one of its subsidiaries, Aktiebolaget Volvo, told the High Court in a Dec. 16 defense that has now been made public that WM Morrison Supermarkets PLC is not entitled to damages as a result of the truck makers' involvement in price-fixing.
The auto companies denied that the alleged price-fixing resulted in the supermarket paying higher prices to lease...
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