Schaeffler Settles Auto Bearings Price-Fix Claims For $21M

By Eric Kroh (June 15, 2017, 2:09 PM EDT) -- Automotive bearings maker Schaeffler Technologies AG & Co. KG has reached a $21 million agreement to settle allegations by purchasers that it joined a conspiracy to fix prices for the bearings, according to court documents filed in a Michigan federal court Wednesday.

Bearings companies DALC Gear & Bearing Supply Corp., McGuire Bearing Co. and Sherman Bearings Inc. asked U.S. District Judge Marianne O. Battani to approve the settlement with Schaeffler, its U.S. subsidiary Schaeffler Group USA Inc. and German affiliate FAG Kugelfischer GmbH, saying it was in the best interest of bearings purchasers. Schaeffler will also assist the purchasers with their...

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!