Recently, Levi & Korsinsky, a New York City based law firm, reached out to us about a new German Auto Antitrust Case they have filed. The firm states that they are “investigating potential claims against Mercedes, Porsche, Audi, BMW, and Bentley for engaging in anticompetitive activity since at least the 1990s to keep consumer prices artificially inflated.”
In short, these car manufacturers have worked together to raise prices in a competitive market, and if you have you purchased or leased a Mercedes-Benz, Porsche, Audi, BMW, or Bentley in the last 10 years, it is likely that the prices of such automobiles may have been unlawfully inflated due to antitrust violations and you can be awarded compensation.
How This German Auto Antitrust Bloomed
According to recent investigations led by the European Commission, luxury automakers Mercedes, Porsche, Audi, BMW, and Bentley have unlawfully colluded with each other since at least the 1990s to keep prices paid by consumers unlawfully high. The collusion includes the sharing of commercially-sensitive information and reaching unlawful agreements regarding vehicle technology, costs, suppliers, markets, emissions systems, and other competitive attributes.
Volkswagen and Daimler, the parent companies of Audi, Porsche, Bentley, and Mercedes-Benz, have reportedly admitted to participating in this unlawful cartel in order to receive leniency from the European Commission. In the last five years alone, the conspiracy allegedly transpired through at least 60 working groups, 1,000 meetings, and over 200 employees. As a result of this anticompetitive collusion, owners and lessees of these German luxury automobiles have paid unlawfully inflated prices.
Take Action: Protect Yourself and your Consumer Rights
Per a press release from the firm: On July 25, 2017, a class action was filed in U.S. District Court for the District of New Jersey against Porsche AG, Volkswagen AG, Audi AG, BMW AG, and Mercedes-Benz USA, alleging violations of federal antitrust laws. The complaint alleges that beginning in 2006, the carmakers conspired “to share commercially-sensitive information and reach unlawful agreements” in order “to impose a German automobile premium on consumers premised on superior German engineering, while secretly stunting incentives to innovate.” On July 28, 2017, similar complaints were filed in the U.S. District Court for the Northern District of California and in the District of New Jersey. On news of the antitrust lawsuits, BMW’s share price has fallen sharply. To obtain additional information, go to: http://www.zlkdocs.com/BMWYY-Info-Request-Form-5991.
If you, or someone you know, have purchased or leased a vehicle mentioned in the case, please contact us immediately on our website or directly at ConsiderTheConsumer@gmail.com, as you are likely a part of the class. Please also go directly to http://www.zlkdocs.com/German-Luxury-Vehicle-ca-Retainer-5984 to read more about the case and contact by the firm who filed directly.