We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Japanese Cos. To Pay $3.7M To End Wiring Antitrust Suits

Law360, New York (September 1, 2016, 3:49 PM EDT) -- Two Japanese companies accused of conspiring to fix prices for vehicle electronics systems will pay U.S. consumers more than $3.7 million to end claims stemming from the scheme, according to proposed settlements filed in Michigan federal court Wednesday.

GS Electech Inc. and Tokai Rika Co. asked U.S. District Judge Marianne O. Battani to approve settlements of $3.04 million and $760,000, respectively, to repay consumers who purchased overpriced vehicles as a result of the scheme. The settlements end claims that GS Electech and Tokai not only conspired...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.