UHY Hacker Young Manchester, leading accountants to the UK automotive sector, updates on the ongoing legal action targeting specific tyre distributors and resellers.
Over the years, you may have been overcharged millions of pounds for tyre supplies by certain suppliers. Now, you have the opportunity to reclaim this overcharge through legal action in the English courts.
Tyre suppliers the action will be against:
- Pirelli
- Continental
- Michelin
- Nokian Renkaat
- Bridgestone Corp.
- Goodyear Tire & Rubber Co.
UHY Hacker Young Manchester partners with Humphries Kerstetter LLP in bringing legal action to the attention of potentially affected market participants. To be considered for a viable claim, the annual purchase of tyres must be at least £500,000 in stock involving the above brands.
Humphries Kerstetter LLP is the law firm that obtained a successful outcome on behalf of retailers against Visa and Mastercard for excessively high ‘interchange’ card fees. This was done at no cost to Humphries Kerstetter’s clients: funding was provided to finance the litigation costs and insurance was obtained to cover the risk of adverse costs awards made by the court.
Humphries Kerstetter LLP’s new action for tyre distributors and resellers will follow the same model: no upfront costs to clients, with payments to funders and related parties made from the recovered damages.
