Antitrust Law Daily Another settlement reached in auto parts price fixing class action
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Thursday, March 8, 2018

Another settlement reached in auto parts price fixing class action

By Nicole D. Prysby, J.D.

A federal district court in Michigan has given preliminary approval to the terms of a settlement between End-Payor Plaintiffs and Sanden Automotive Components Corporation and related companies. The settlement covers specified air conditioning systems and parts. The End-Payor Plaintiffs alleged that they were injured as a result of Sanden’s participation in an unlawful conspiracy to fix prices, rig bids, and allocate markets and customers for automotive parts, in violation of the Sherman Act and various state laws. The parties’ agreement provides for a $7.6 million settlement fund. The parties agreed to the settlement without Sanden admitting any liability (In re Automotive Parts Antitrust Litigation, March 6, 2018, Battani, M.). (In Re: Automotive Parts Antitrust Litigation, March 6, 2018, Battani, M.).

This settlement is the latest in the massive antitrust action, which includes more than 40 coordinated class actions that have led to a total recovery to date of more than $1 billion. The court provisionally certified the settlement class, consisting of all persons who purchased or leased a vehicle not for resale, which included certain air conditioning systems as component parts or indirectly purchased a system as a replacement part, from May 1, 1999 through the execution date. The court also approved the establishment of the settlement fund and other terms of the settlement agreement executed by the parties. The parties’ agreement provides for a $7.6 million settlement fund. Sanden will pay into the fund in March and September 2018.

The case is No. 2:13-cv-02703-MOB.

Attorneys: Hollis Salzman (Robins Kaplan LLP) for Proposed End-Payor Plaintiff Class. James David Rowe (DuBois, Bryant & Campbell, LLP) for Sanden International [U.S.A.] Inc.

Companies: Air Conditioning Systems; Sanden International [U.S.A.], Inc.; Sanden Automotive Climate Systems Corp.; Sanden Automotive Components Corp.

MainStory: TopStory Antitrust MichiganNews

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