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German court dismisses EUR131 million damages claim against cement producers

( December 17, 2013, 13:10 GMT | Official Statement) -- MLex Summary: A district court in Düsseldorf has ruled against a 131 million-euro (about $180 million) legal action brought by Cartel Damage Claims against six members of a cement cartel. The court said the way CDC had obtained the claims of 36 cement purchasers was illegal given the limited risk it faced for covering the litigation costs. The acquisition of the claims also breached rules that make the provision of legal advice subject to public authorization.Full statement follows in the German original:...

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