Autoliv, Others Face Class Action After $14.5M Antitrust Fine

Law360, New York (June 8, 2012, 6:51 PM EDT) -- Autoliv Inc. and other automotive parts companies on Friday were hit with a proposed class action in Louisiana alleging they fixed prices on seat belts and other safety devices, days after the U.S. Department of Justice announced it had pegged Autoliv with a $14.5 million criminal fine over similar allegations.

According to the proposed class action against Autoliv, Takata Corp. and Tokai Rika Co. Ltd. in federal court, the auto parts suppliers conspired together to manage the pricing for occupant safety restraint systems components, which include...
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