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CSAV reaches settlement with UK car-shipping class action

By Lewis Crofts ( October 11, 2023, 14:02 GMT | Insight) -- Compañía Sud Americana de Vapores has reached an out-of-court settlement with a UK class action and is seeking approval from a London antitrust tribunal. The litigation follows an EU decision from 2018 that found companies shipping cars internationally had formed a cartel. CSAV will pay 1.5 million pounds, according to the parties. Of that sum, 1.12 million pounds is the total of the damages.Compañía Sud Americana de Vapores has reached an out-of-court settlement with a UK class action and is seeking approval from a London antitrust tribunal, according to court documents....

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