INFO CENTER

Cartel victim sues Dunlop Oil for damages

Dunlop Oil & Marine, the British company where three senior executives were jailed for running an oil hoses cartel, is being sued for civil damages by a victim of the price-fixing scam.

Waha Oil Company, Libya’s second biggest oil producer, bought substantial amounts of marine hose – used to transport oil from tankers – while the cartel was running. It says it was overcharged and has hired law firm Hausfeld to sue Dunlop in London and get some of its money back.

The claim, which has secured after the event after insurance cover from FirstAssist, is open to other victims of the cartel.

The cartel, which also included Trelleborg, Bridgestone and Yokohama, has led to multiple damages claims in the US, many of which have now settled. Another cartelist, Parker ITR, has agreed to pay damages and help victims sue the other cartel members by providing evidence and guaranteeing it will pay the victim’s costs on any unsuccessful claims. More details here.
 

More information on this case: Marine Hose

Practice Areas: Antitrust / Competition