Visteon Seeks Approval Of $1.4M Carbone Settlement

Law360, New York (September 18, 2009, 7:34 PM EDT) -- Visteon Corp. has asked a bankruptcy judge to approve a $1.4 million settlement in its antitrust dispute over unfair competition in the electrical carbon products industry with Le Carbone Lorraine SP, a carbon and graphite cartel member that has pled guilty to price-fixing charges levied by U.S., European and Canadian officials.

The bankrupt automotive parts supplier also asked Sept. 17 that the settlement, which was reached after the company opted out of a proposed class action settlement to bring an individual action, be filed under seal...
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