Another Auto Parts Antitrust Settlement

Automobile owners and lessees reached a $14 million settlement with auto parts maker Showa Corp. in a class action alleging that Showa was involved in a long-running scheme to fix the prices of powered steering assemblies and shock absorbers. The Japanese company settled with a proposed end-payor class that includes anyone in the U.S. who purchased or leased vehicles containing the parts or who indirectly purchased the products as replacement parts.

Attorneys for the class said they have now reached deals worth a total of $1.2 billion across the broader multidistrict litigation centered on price fixing and bid rigging in the auto parts industry.

The settlement is the latest in the that was started after a U.S. Department of Justice antitrust investigation into price-fixing and bid-rigging in the auto parts industry, a probe that was launched around 2010 in conjunction with Japanese and European authorities. In the U.S., officials have levied more than $2.9 billion in fines and secured the convictions of dozens of companies and individuals for activity covering dozens of auto parts.

Stoll Berne represents the Oregon class representative.

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.


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The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.