Auto Bearings Buyers Seek Final OK Of $21M Settlement

Law360, New York (September 12, 2017, 1:46 PM EDT) -- Direct purchasers of automotive and industrial bearings urged a Michigan federal court Monday to grant final approval of a $21 million settlement to end allegations that a German manufacturer participated in a global price-fixing scheme in multidistrict litigation over a wide-ranging auto parts price-fixing conspiracy.

The agreement would end claims by direct purchasers that Schaeffler Technologies AG & Co. KG unlawfully colluded with other manufacturers to fix the prices of automotive devices, including ball bearings, tapered roller bearings, roller bearings, mounted bearings, and parts and components...
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Case Information

Case Title

Bearings - Direct Purchaser Actions


Case Number

2:12-cv-00501

Court

Michigan Eastern

Nature of Suit

Anti-Trust

Judge

Marianne O. Battani

Date Filed

September 5, 2012

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