Toyo To Pay $11.4M To End Auto Parts Price-Fixing Suit

Law360, New York (October 12, 2017, 5:00 PM EDT) -- Toyo Tire & Rubber Co. Ltd. will pay $11.4 million to settle automobile dealers’ claims in multidistrict litigation alleging it colluded with automotive manufacturers, marketers and sellers to fix prices for certain rubber parts, according to a Michigan federal court filing Thursday.

Attorneys for the auto dealers and Japanese tire and rubber products company Toyo filed a motion seeking preliminary approval from the court on the $11.4 million settlement, saying it’s a solid deal.

“The settlement agreement here is the result of lengthy negotiations between counsel...
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Case Title

Automotive Parts Antitrust Litigation


Case Number

2:12-md-02311

Court

Michigan Eastern

Nature of Suit

Anti-Trust

Judge

Marianne O. Battani

Date Filed

February 7, 2012


Case Title

Anti-Vibrational Rubber Parts - Dealership Actions


Case Number

2:13-cv-00802

Court

Michigan Eastern

Nature of Suit

Anti-Trust

Judge

Marianne O. Battani

Date Filed

March 21, 2013


Case Title

Automotive Constant Velocity Joint Boot Products - Dealership Actions


Case Number

2:14-cv-02902

Court

Michigan Eastern

Nature of Suit

Anti-Trust

Judge

Marianne O. Battani

Date Filed

December 12, 2014

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