More defendants settle in the Auto Parts Antitrust class action

Posted on: May 31st, 2017 by Steve Larson

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. The settlement, if approved, would resolve allegations that SKF USA, Inc. and its Swedish affiliates 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 for ball and roller bearings.

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