Taiwan Auto Light Co.'s $25M Deal Could End Antitrust MDL

Law360, New York (December 17, 2013, 4:08 PM EST) -- Taiwanese automotive lighting manufacturer TYC Brother Industrial Co. Ltd. and its U.S. distributor have reached a $25 million deal to exit multidistrict price-fixing litigation, the final participants in the alleged conspiracy to settle, according to papers filed Monday in California federal court.

If approved, the deal would wrap up a long-running case alleging that four overseas manufacturers of aftermarket replacement auto lights and their distributors raised and fixed prices on 5,500 products in a worldwide antitrust scheme lasting seven years.

The class of direct purchasers will...
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