Today, the Federal Court class action brought against Visy and Amcor by victims of the cartel that the two firms operated in the supply of cardboard boxes, was settled. The settlement sum of A$95 million, plus costs, is the largest payout to cartel victims in Australian history. The class action included over four thousand group members from a range of industries that had originally sought more than A$1 billion in damages from Amcor and Visy. Amcor will pay two thirds of the damages and Visy will pay the remainder.
Frontier (Australia) advised Visy.
For more information, please contact Marita O’Keeffe at m.okeeffe@frontier-economics.com.au or call on +61 (0)3 9620 4488.
