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How we helped
We were instructed as quantum experts by Peugeot-Citroen who brought claims for damages before the UK Competition Appeal Tribunal following on from the 2014 European Commission decision finding an EEA-wide cartel in automotive bearings from April 2004 to July 2011 and imposing fines of €953 million. We assessed the value of commerce (VoC) affected, the impact of the cartel on bearings prices using sophisticated econometric techniques, the damages suffered by the client from the cartel including interest, and whether some of these damages had been passed on to the downstream customers.
Our analysis and findings were included in three expert reports submitted to the court. These included a full rebuttal report of the expert analysis submitted by the three experts acting on behalf of the defendants.
Three minor defendants settled early in the process. The case was settled with the three major defendants shortly after the receipt of our rebuttal report.