Another auto part maker settles in wide-ranging antitrust lawsuit

Posted on: December 6th, 2017 by Steve Larson

U.S. District Judge Marianne O. Battani, in the district of Michigan, gave initial approval to a $12.16 million proposed settlement that would end claims in multidistrict litigation that a Japanese auto parts supplier participated in a wide-ranging conspiracy to hinder competition by fixing the prices of ceramic substrates sold to U.S. automakers. The settling defendants were NGK Insulators Ltd. and NGK Automotive Ceramics USA Inc. The proposed settlement class would include everyone who has bought or leased a new vehicle in the U.S. since July 1, 1999, that included a ceramic substrate part manufactured by NGK or indirectly bought such an item as a replacement part.

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