Millions of Fender guitar owners could be in line to receive compensation for being overcharged when purchasing their instrument, lawyers claim.
A class-action lawsuit has been brought against the European and US divisions of Fender, whose guitars have been used by some of rock music’s greatest stars, including Eric Clapton, Keith Richards and Kurt Cobain.
Two years ago, the musical instruments manufacturer was fined £4.5million by the UK’s Competition and Markets Authority after it admitted to engaging in price-fixing over a five-year period.
Penalty: Two years ago, guitar maker Fender was fined £4.5million by the UK’s Competition and Markets Authority (CMA) after it admitted to engaging in price-fixing
The company was found to have broken competition law by requiring retailers to sell guitars costing between £500 and £45,000 at a minimum price – an illegal practice known as resale price maintenance.
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