Furukawa, Mitsubishi To Pay $19.6M To End Antitrust Claims

Law360 (July 9, 2018, 8:29 PM EDT) -- Two putative classes of automobile part direct purchasers who allege that major companies have conspired to fix the prices of wire harness products asked a Michigan federal judge on Monday to approve a $19 million deal with Furukawa Electric Co. and a $680,320 deal with Mitsubishi Electric.

The direct purchasers have reached agreements with Lear, G.S. Electech, Tokai Rika, Chiyoda, Fujikura, LEONI, Sumitomo and Yazaki, all of which have been approved by the court, for payouts totaling more than $102.7 million, the direct purchasers said in their filing.

In August, a Michigan federal judge awarded at least $28 million to counsel...

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