Another settlement in auto parts price fixing multidistrict litigation

Posted on: February 20th, 2018 by Steve Larson

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.

We earlier posted that a group of nine companies, including Nippon Siki Co. Ltd. and Lear Corp. agreed to pay $225 million to car purchasers in a settlement that was approved in Michigan federal court in June 2016. That same month, the court approved a $64 million deal covering auto parts purchases from Mitsubishi Electric Corp.

The case is In re: Automotive Parts Antitrust Litigation, case number 2:12-cv-00203-MOB-MKM, in the U.S. District Court for the Eastern District of Michigan.