

OVERVIEW
In 2026 Arden First LLP will start coordinating a new Class Action Lawsuit under the auspices of LEGIVO™ Group.
This lawsuit is predominantly designed to be on behalf of midsize enterprises in the European Union. These suffer in increasing numbers economic detriment at the hand of the present Trump regime.
Arbitrary decisions, volatile taxes and tariffs, as well as a general lack of legal certainty, have caused European enterprises considerable losses in the last year alone.
To ensure legally compliant claims in the long run, we will put together legal teams stateside, which identify the pertinent jurisdiction, and then proceed with aggregated claims as brought forward by participating clients.
It is important to point out that this will be one or more civil lawsuits against identified individuals. It is not intended as a claim against the United States of America.
The lawyers in charge of such claims will identify such individuals involved at the proper time, name them in the claim they submit and/or add them in the course of proceedings.
Class action lawsuits are expected to last several years and all plaintiffs involved will benefit from any compensation resulting from a settlement or when being allocated by a court respectively.
Business executives or owners of European companies and corporations that wish to participate in the class action have to register and pay an applicable amount as consideration, based on the corporations’ annual turnover. Applications close March 31, 2026.
*Disclaimer: ARDEN_LAW Syndicate "ARDEN_LAW SPS" and/or cooperating legal entities operate in a variety of jurisdictions, comply with pertinent local legal provisions and cross-waive liability.
February 26, 2026
SCOTUS struck down Trump’s IEEPA tariffs, which means that the tariffs in effect since “Liberation Day” and before are now retroactively illegal. Trump has just used other authority to re-impose 10% tariffs, but the shockwave is already hitting the market
🤔 How does this impact your supply chain’s costs, performance, and quality?
Let’s take a second to remember how tariffs put pressure on cost. How suppliers gave price increases “because we need to pass along the tariffs.” Well now, the shoe is on the other foot, isn’t it?
Let’s dig into the details and talk about three ways this specifically impacts your conversations with suppliers:
💰 Refunds. There are $170B in tariff funds paid that will now be subject to refunds. There is precedent for this - in 1998 US courts struck down a tariff and refunded over $750m to over 4,000 claimants. Today the numbers are a lot bigger but in principle there’s no reason that any company that paid a tariff can’t get that money back. Bessent has already said Treasury has more than enough cash on hand to cover the refund payments. If suppliers raised prices on you due to tariffs, then should you perhaps receive some of their refund? This will be a conversation depending on how the tariffs costs were initially shared. Federal Reserve study says 90%+ of tariffs were paid by US firms, and JPM study suggests that US midsize firms tariff payments tripled over the past year. That directly impacts the suppliers of larger firms. Depending on refunds process timing, this is excellent news for supply chain, procurement, and finance teams.
📉 Time to Source, Buy, Re-Negotiate. Imports are lower which means that the price of nearly everything should decrease to remain competitive. This should have an immediate impact on the margins of any supply portfolio that includes importers. Volatility rewards firms’ ability to bring demand to market faster and at greater scale. That’s often driven by the procurement and sourcing team’s capacity for additional throughput. Lower prices may have follow on impact on consumer demand, although that probably depends on other macros.
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