Lawsuit Seeks Millions for UK Customers From Cable Cartel (1)

Power-cable makers, including Nexans SA and Prysmian S.p.A., face a UK class action lawsuit linked to a historic cartel case that could potentially seek hundreds of millions of pounds in compensation for electricity customers.

Clare Spottiswoode, the former head of Britain’s gas regulator, has applied to the Competition Appeal Tribunal for approval to bring a collective action on behalf of UK consumers, according to a statement Wednesday.

The suit follows on from a European Commission 2014 decision that found a number of cable companies operated a cartel on an “almost worldwide scale” from 1999 until regulators raided the ...