Bearings Buyers Seek Class Certification In Auto Parts MDL

Law360, Fort Wayne (March 21, 2017, 1:37 PM EDT) -- Purchasers of automotive bearings on Monday asked a Michigan federal judge to certify a class of direct buyers accusing six manufacturers of conspiring to cook prices for the products in multidistrict litigation over a wide-ranging auto parts price-fixing conspiracy.

Those who bought bearings directly from JTEKT Corp., Nachi-Fujikoshi Corp., NTN Corp., NSK Ltd., Schaeffler AG and AB SKF from April 2004 through the end of 2015 should constitute a class, the buyers told U.S. District Judge Marianne O. Battani, who is overseeing the MDL. The companies have pled guilty and made other admissions that show they conspired to keep bearings prices...

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