Auto Parts Cos. To Pay $14.5M In Latest Cartel Settlements

Law360, New York (August 26, 2015, 4:27 PM EDT) -- Fujikura Ltd. and T.Rad Co. Ltd. have agreed to collectively pay more than $14.5 million to end-payors in the sprawling multidistrict litigation against auto parts makers, bringing total recoveries for the plaintiff group to nearly $200 million.

Under the settlements outlined in court filings Monday, T.Rad will pay $7.41 million to the end-payor plaintiffs, and Fujikura will pay $7.14 million. The end-payors include businesses and consumers who purchased or leased new automobiles.

“We’re pleased that these additional settlements continue to compensate victims of the conspiracy,” Hollis Salzman,...
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