Daimler, MAN, Volvo/Renault, DAF And Iveco v. Financialright Claims GmbH

Gleiss Lutz and Baker & McKenzie acted for Daimler, Noerr advised DAF, Linklaters advised VW, Hogan Lovells advised BMW before the District Court Munich I in this truck cartel damages suit.

On Friday, Munich I Regional Court dismissed Germany’s largest truck cartel damages suit. Alleged claims relating to some 84,000 trucks had been assigned to plaintiffs financialright claims GmbH, represented in court by Hausfeld, by over 3,200 truck buyers from Germany and 20 other countries. In a class action financialright claims GmbH was seeking in excess of EUR 600 million in damages from truck manufacturers Daimler, MAN, Volvo/Renault, DAF and Iveco.

In its ruling Munich Regional Court followed Daimler’s line of argument, namely that financialright claims GmbH had violated the Out-of-Court Legal Services Act on several counts, rendering the assignment of the damages claims invalid. In the opinion of Munich Regional Court, the plaintiff exceeded the bounds of its debt collection licence with its assignment model. The court also ruled that the assignment model results in an irresolvable conflict of interests for the plaintiff.

The matter was handled by the following Gleiss Lutz team: Dr. Ulrich Denzel (Picture – partner, Competition/Antitrust, Stuttgart), Dr. Stefan Rützel (partner, Litigation, Frankfurt, both lead), Dr. René Kremer (counsel, Litigation, Stuttgart), Christian Hütt (Competition/Antitrust, Munich), Dr. Simon Wagner (counsel, Litigation, Stuttgart), Dr. Carsten Klöppner (counsel, Competition/Antitrust, Stuttgart), Dr. Ines Bodenstein (counsel, Competition/Antitrust, Stuttgart), Dr. Lukas Schultze-Moderow (partner, Litigation, Hamburg), Dr. Bernd Zimmermann (counsel, Litigation, Berlin), Christian Köhli (Munich), Moritz Krause, Ramona Wehrle (both Competition/Antitrust, Stuttgart), Katja Meyer, Saskia Guenoub (both Litigation, Berlin).

Baker & McKenzie (Düsseldorf) also advised Daimler with Dr. Nicolas Kredel; Associates: Jan Kresken, Dr. Anja Palatzke (all Antitrust)

Noerr’s team was composed of Dr. Fabian Badtke, Meike von Levetzow, Dr. Henner Schläfke, Peter Stauber.

Linklaters (Düsseldorf) acted for VW with a team that included Prof. Dr. Daniela Seeliger; Associate: Kaan Gürer (all Antitrust).

Hogan Lovells (München) advised BMW with Dr. Christoph Wünschmann, Christian Ritz (Counsel); Associates: Johanna Brock-Wenzek, Dr. Hubertus Weber, Hanna Weber (all Antitrust).

Involved fees earner: Nicolas Kredel – Baker McKenzie; Jan Kresken – Baker McKenzie; Anja Palatzke – Baker McKenzie; Ines Bodenstein – Gleiss Lutz; Ulrich Denzel – Gleiss Lutz; Saskia Guenoub – Gleiss Lutz; Christian Hütt – Gleiss Lutz; Carsten Klöppner – Gleiss Lutz; Christian Köhli – Gleiss Lutz; Moritz Krause – Gleiss Lutz; René Kremer – Gleiss Lutz; Katja Meyer – Gleiss Lutz; Stefan Rützel – Gleiss Lutz; Lukas Schultze-Moderow – Gleiss Lutz; Simon Wagner – Gleiss Lutz; Ramona Wehrle – Gleiss Lutz; Bernd Zimmermann – Gleiss Lutz; Johanna Brock-Wenzek – Hogan Lovells; Christian Ritz – Hogan Lovells; Hanna Weber – Hogan Lovells; Hubertus Weber – Hogan Lovells; Christoph Wünschmann – Hogan Lovells; Kaan Gürer – Linklaters; Daniela Seeliger – Linklaters; Fabian Badtke – Noerr; Henner Schläfke – Noerr; Meike von Levetzow – Noerr;

Law Firms: Baker McKenzie; Gleiss Lutz; Hogan Lovells; Linklaters; Noerr;

Clients: BMW A.G.; DAF; Daimler AG; Volkswagen AG;