August 18, 2017
A Japan-based automotive bearings supplier reached a $3.23 million agreement Thursday in Michigan federal court to settle claims in multidistrict litigation that it participated in a price-fixing scheme with manufacturers in the U.S., Japan and Germany.
May 23, 2017
End payors on Monday asked a Michigan federal judge to approve a proposed $7.6 million deal to settle claims in multidistrict litigation that an automotive bearings supplier and its Swedish affiliates participated in a price-fixing scheme with manufacturers in the U.S., Japan and Germany.
November 30, 2016
Japanese bearing manufacturer NTN Corp. has agreed to a $6.57 million settlement in sprawling multidistrict litigation over alleged auto parts price-fixing, according to documents filed in Michigan federal court Tuesday.
September 28, 2016
Four more settlements were approved Wednesday in sprawling multidistrict litigation over auto parts price-fixing, with Aisin Seiki Co. set to pay $18.6 million, Sumitomo Riko Co. settling for $11.4 million, Schaeffler Group USA Inc. agreeing to pay $7.6 million and Valeo Inc. paying $6.6 million.