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...
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