Minebea To Pay $9.8M To Settle Bearings Antitrust Claims

Law360, Los Angeles (March 17, 2017, 9:09 PM EDT) -- Japanese ball bearings maker Minebea Mitsumi Inc. will pay about $9.8 million to settle with a class of direct purchasers of small-sized bearings in a deal related to the massive auto parts antitrust multidistrict litigation, according to papers filed Friday in Michigan federal court.

A group of buyers had in an earlier suit accused NSK Ltd., another bearings maker, of colluding with the competition to fix prices on the parts, bearings with an outer diameter of 30 millimeters or less, used in a multitude of automotive functions, court records show. Minebea, an unnamed defendant in that suit, negotiated with the direct...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!