Mitsubishi agrees to pay $84 million to exit auto parts antitrust class action

May 5, 2016 by

CarMitsubishi has agreed to pay $84.4 million to resolve claims by car buyers and auto dealers in multidistrict litigation accusing the company of conspiring with others to fix prices on auto parts.

Mitsubishi will pay $64.23 million to the auto buyers and $20.2 million to the auto dealers to resolve their claims that it conspired to allocate the supply of auto parts and sell them at noncompetitive prices in the U.S. and elsewhere.

The MDL against manufacturers, marketers and sellers had been split into separate proceedings for different automotive parts. The sprawling class action lawsuit pending in Michigan federal court involves dozens of separate auto parts.  The parts at issue in the Mitsubishi case included alternators, starters, ignition coils, fuel injection systems, valve timing control devices, wire harness systems, hid ballasts and electronic powered steering assemblies. The settlements for the auto buyers now exceed $288 million.

The MDL is In re: Automotive Parts Antitrust Litigation, case number 2:12-md-02311, in the U.S. District Court for the Eastern District of Michigan.

Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, consumer cases, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, employment matters, 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.

Legal Disclaimer

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.