Auto Parts Maker Settles Price Fix Suit For $3.5M

By Khorri Atkinson (October 8, 2021, 5:21 PM EDT) -- A group of direct purchasers is urging a Michigan federal court to preliminarily approve a $3.5 million settlement they have reached with Japanese auto parts maker KYB Corp. to resolve allegations it conspired with other manufacturers to fix the price of shock absorbers.

Under the settlement reached last month, the buyers told U.S. District Judge Sean F. Cox Thursday that KYB agreed to assist with the prosecution of their antitrust violation claims concerning the sale of shock absorbers by providing information potentially relevant to nonsettling defendants Hitachi and Showa Corp.

The motion said negotiations that led to the settlement took months...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!