Irish Watchdog Backs Opt-Out For Private Cartel Cases

Law360, New York (May 6, 2011, 4:52 PM EDT) -- Ireland's competition watchdog on Tuesday backed European Union efforts to set up a way for antitrust victims to pursue compensation through collective litigation, calling an opt-out system the most efficient option.

The Irish Competition Authority said that because Ireland lacks a collective mechanism for victims to seek damages in cartel cases — and because reform efforts in Ireland, as in some other EU nations, have long been stalled — it would welcome an EU-wide directive to make sure claimants with small losses would have a way...
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