Germany: Deutsche Bahn settlement could be landmark win for antitrust victims
A recent settlement offer by German railway giant Deutsche Bahn could pave the way for more consumers to earn compensation through antirust cases throughout the EU, say reports.
In part of a settlement offer, the state railway offered a 4 percent refund to consumers in efforts to end a probe launched against Deutsche Bahn following accusations the company abused its dominance and forced rivals to pay excess prices for electricity.
It’s a groundbreaking offer, say some experts, that could set a new precedent allowing consumers hurt by anticompetitive actions to receive compensation, not just within Germany but throughout the EU.
Reports say the European Commission has explored for years a way to introduce a plan to allow such compensation, and doing so through a settlement with antitrust authorities could be a step forward in establishing that plan.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI