The Joseph Saveri Law Firm represents Plaintiffs in a class action arising from a widespread and systematic conspiracy among the leading German luxury automobile manufacturers—BMW, VW, Audi, Porsche, and Daimler (the so-called “Circle of Five”)—that began in the early 1990s and continued until at least 2016.
The complaint alleges that executives from the “Circle of Five” met secretly and reached agreement on multiple issues, including exhaust treatment system development, petrol and diesel engine development, component prices, supplier choice, technical specifications, and vehicle development. These meetings were facilitated by their participation in Verband der Automobilindistrie (“VDA”), the German Association of the Automotive Industry. According to a July 4, 2016 disclosure by VW to the European Commission and German Federal Cartel Office, the Circle of Five’s employees participated in more than 1,000 relevant meetings.
The German Federal Cartel Office and the European Commission are actively investigating the conspiracy, and news reports indicate the U.S. Department of Justice is also reviewing the matter. News reports also indicate that Daimler and VW have come forward with information to German authorities and have acknowledged their involvement in anticompetitive activities.
The firm represents a class of persons or entities in the U.S. who purchased or leased a new Circle of Five vehicle from January 1990 to the present. The complaint seeks recovery of monetary damages caused by Defendants’ conduct, as well as injunctive relief to prevent this type of anticompetitive conduct now and in the future.
Press Regarding German Auto Antitrust Lawsuit: