US Car Dealers Say Foreign Cos. Fixed Bearing Prices

Law360, New York (June 15, 2012, 2:28 PM EDT) -- 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...
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