KYB, Maruyasu Get Initial OK For $34M In Parts MDL Deals

Law360 (November 16, 2018, 6:22 PM EST) -- A Michigan federal judge on Friday tentatively approved KYB Corp.'s $29 million deal and Maruyasu Industries Co. Ltd.'s $5.3 million deal to end proposed consumer class actions alleging they conspired to fix the prices of shock absorbers and steel tubes in sprawling antitrust multidistrict litigation.

U.S. District Judge Marianne O. Battani granted motions from end-payor plaintiffs — consumers who bought or leased vehicles containing the KYB and Maruyasu-manufactured parts — seeking preliminary approval on the settlements.

Judge Battani, who is overseeing sprawling multidistrict litigation alleging antitrust schemes within various sectors of the automotive parts industry, also provisionally certified the class of...

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