Law360, New York (June 15, 2012, 2:28 PM ET) -- A group of 25 car dealerships launched a putative class suit in Michigan federal court on Thursday alleging that a handful of foreign suppliers conspired to fix prices on automotive bearings in a massive conspiracy that has already prompted criminal charges.
The defendants — JTEKT Corp., Nachi-Fujikoshi Corp., NSK Ltd., Schaeffler AG, AB SKF, NTN Corp. and NTN USA Corp. — allegedly conspired to fix and artificially raise the price of automotive bearings, which are used to position, hold and guide moving vehicle parts and to...
US Car Dealers Say Foreign Cos. Fixed Bearing Prices
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