Kroes Frowns On Class Actions, Treble Damages

Law360 (March 8, 2007, 12:00 AM EST) -- The European Union's competition commissioner on Thursday stressed the importance of maintaining a distinctly European system for dealing with antitrust issues, but also said that Europe should draw on the experiences of other countries.

In a speech before the International Bar Association, Commissioner Neelie Kroes advocated a dual-pronged enforcement strategy, in which private antitrust actions complement public enforcement proceedings. But while she touted the usefulness of private suits as a deterrent to anti-competitive behavior, she took issue with what she termed the “myth” that supporting such...
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