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Cartelist cable makers-targeted UK mass claim approved for trial, UK judge rules

By Simon Zekaria ( April 11, 2024, 15:40 GMT | Insight) -- Prysmian, Nexans and other power-cable firms are to face a UK mass claim over the alleged impact of their cartel on consumer electricity bills after the suit was certified today for trial by a UK judge. However, the Competition Appeal Tribunal judge warned the court could remove its approval for the claim if the claimant doesn’t submit a satisfactory plan to distribute damages in the event of a win, to a class of millions of electricity consumers.Prysmian, Nexans, and other power-cable firms will face a mass claim in the UK over their alleged cartel's impact on electricity bills after the claim was certified for trial by a UK judge today....

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