European power cable groups face UK class action over cartel [Reuters]
Burford Capital Limited Ordinary Shares (BUR)
US:NASDAQ Investor Relations:
burcon.ca/investors/corporate_factsheet.php
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Source: Reuters
The proposed lawsuit, made public on Wednesday, alleges that Italy's Prysmian SPA (PRY.MI) , France's Nexans SA (NEXS.PA) and Denmark's NKT A/S (NKT.CO) , and three of their subsidiaries, overcharged network operators for power cables - and that those costs have been passed on in higher consumer bills since 2001. Representatives for the companies did not immediately respond to requests for comment. The claim is being led by Clare Spottiswoode, the former head of Britain's gas regulator, who said the lawsuit would seek as-yet unspecified compensation for people who had paid domestic electricity bills on or after April 2001. "I hope this will send a warning sign to any corporates who might contemplate anti-competitive behaviour in future and will recover appropriate redress for consumers who lost money as a result," she said. The European Commission paved the way for the case in 2014 when it fined 11 high voltage and submarine power cable companies, including the defendants, al
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BUR
News
- Latest Burford Quarterly Explores 15 Years of Growth and Evolution in Legal FinancePR Newswire
- Burford Capital (LON:BUR) jumps 5.2% this week, though earnings growth is still tracking behind three-year shareholder returns [Yahoo! Finance]Yahoo! Finance
- Issuance Of New Ordinary Shares In Connection With LTIP [Yahoo! Finance]Yahoo! Finance
- Notice of 2024 Annual General Meeting [Yahoo! Finance]Yahoo! Finance
- Burford Capital to Host Global Retail Shareholder Call on June 20, 2024PR Newswire
BUR
Sec Filings
- 4/24/24 - Form S-8
- 4/16/24 - Form 6-K
- 4/10/24 - Form 6-K
- BUR's page on the SEC website