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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More auto parts manufacturers agreed to pay roughly $73 million to settle claims that they colluded to fix prices in the Auto Parts MDL Litigation pending in Michigan. The auto parts included bearings, automotive lamps and HID ballasts. Continue reading “More Auto Parts Manufacturers Settle for Additional $73 Million”

Japanese auto parts maker Tokai Rika has agreed to settle claims against it for $34.2 million. The four proposed settlement classes include those who say they were overcharged for heating control panels, occupant safety restraint systems, switches and steering angle sensors. According to the motion for preliminary approval, the classes includes millions of buyers.

Continue reading “Another auto parts settlement in antitrust MDL”

A proposed class of consumers that purchased automobiles have reached an $11 million settlement of their claims with Japanese auto parts maker Calsonic Kansei Corp. The complaint alleged that Calsonic was part of a conspiracy to fix prices for vehicle air conditioning systems.

Continue reading “Calsonic settles auto parts price fixing class action claims”

Continental Automotive Electronics LLC has agreed to pay nearly $4 million to car buyers to settle antitrust claims related to multidistrict litigation over an alleged auto parts price-fixing scheme. The settlement relates to instrument panel clusters that the company sold for use in cars sold in the U.S.

Continue reading “Another settlement in auto parts price fixing multidistrict litigation”

Consumers recently filed a motion for preliminary approval of a settlement with Bosch. Bosch has agreed to pay $33.4 million to settle antitrust lawsuits involving four different types of auto parts.

Continue reading “Another settlement in auto parts antitrust class action – this one with Bosch”

Lawyers for automobile purchasers 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.

Continue reading “More defendants settle in the Auto Parts Antitrust class action”