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Car Parts Maker Reaches $61 Million Settlement in Price-Fixing Case
August 23, 2017
A federal judge in Michigan has granted approval to a $61.2 million settlement in a Multi-District Litigation (MDL) case against car parts manufacturer Denso. The company agreed to pay that sum to close out accusations of price-fixing, bid-rigging, and market allocation.
The suits concern prices that had allegedly been manipulated on a large number of automobile parts, including alternators, air conditioning systems, ignition coils, and power window motors, to name just a few components.
The suit was filed by nearly 50 car dealerships in June 2014, and alleged conspiracy on the part of Denso.
The large MDL case had been divided into several separate proceedings; together, they amounted to one of the largest antitrust cases in the history of the Department of Justice.
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