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Michelin’s dawn raid fight reveals broad EU trawl of earnings calls

By Lewis Crofts ( July 11, 2025, 15:06 GMT | Comment) -- Companies should be on high alert over earnings calls and public announcements, after details emerged of the massive scale of data gathering undertaken by EU enforcers on the hunt for signs of collusion. A court ruling this week in Michelin’s fight against the European Commission has lifted the veil on the regulator’s tactics to assemble and scour databases for potential cartels, in an era where whistleblowing has become less attractive.It was the tiremakers who stood out. EU officials scoured a universe of earnings calls — from various commercial sectors and various countries — and the warning lights kept going off....

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