Nikiforos Iatrou Discusses Umbrella Purchaser Suits with Law Times

Law Times, AUGUST 30, 2016

Nikiforos Iatrou, competition law partner at WeirFoulds, spoke to Law Times about a Divisional Court decision to grant leave to plaintiffs of an uncertified part of a class action law suit. Niki says the decision means the door is now open for umbrella purchasers to sue.

". . . it's part of this trend we're seeing developing of the Canadian environment becoming quite conducive to competition class actions," he says.

The case of Shah v LG Chem, Ltd. concerns allegations that a number of companies were part of a global price-fixing conspiracy on lithium-ion batteries.

Umbrella purchasers did not buy batteries from the defendant, but allege they were affected by the increase in the battery prices brought about by the price-fixing conspiracy.

Niki Iatrou is recognised by Chambers Global and the Best Lawyers in Canada as a leader in corporate commercial litigation and competition law. Niki is not involved in the case.

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