Lawsuits involving the prices of certain vehicle component parts have been settled with certain Defendants in various class actions in this litigation (“Settling Defendants”). The Settling Defendants are identified below. The cases are separate class actions within the lead case known as In re Automotive Parts Antitrust Litigation, 12-md-02311 (E.D. Mich.), which is currently before United States District Judge Marianne O. Battani.
You may be part of a class action settlement if you are a Truck and/or Equipment dealership that indirectly purchased certain component parts and/or vehicles for resale or lease containing these parts (“Dealer”) in the District of Columbia or one or more of the following states: Arizona, Arkansas, California, Florida, Hawaii, Illinois, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oregon, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia, and Wisconsin.
What Are The Lawsuits About?
The lawsuits claim that the Defendants in each lawsuit agreed to unlawfully raise the price of certain motor vehicle component parts. As a result, dealers of Trucks and/or Equipment who purchased for resale or lease Trucks and/or Equipment containing those parts or who indirectly purchased those parts as replacement parts, which were manufactured or sold by a Defendant or any subsidiary, affiliate, or alleged co-conspirator of a Defendant may have paid more than they should have. Although the Settling Defendants have agreed to settle, the Settling Defendants do not agree that they engaged in any wrongdoing or are liable or owe any money or benefits to Plaintiffs. The Court has not yet decided who is right.
The Court has appointed Duane Morris LLP as interim class counsel (“Class Counsel”) in these lawsuits to represent your dealership and all other members of the class actions. Your dealership will not be charged directly by these lawyers, and any fees that they are paid will come from any settlements or recovery in these lawsuits. If your dealership wants to be represented by its own lawyer, it may hire one at its own expense.
Who’s Included In The Settlements?
Your dealership is part of one or more of the Settlements if it is a Truck and Equipment Dealer and falls within the definition of one or more of the settlement classes (“Settlement Classes”) approved by Judge Battani. The class definitions are set forth in the full length Notice. The term “Truck and Equipment Dealer” or “Truck and Equipment Dealership” means an entity or person authorized to engage in the business of selling or dealing in Trucks and/or Equipment at retail in the United States. A list of the parts included in these Settlements and their manufacturers can be found on page at 5 of the Notice.
Who Are The Settling Defendants
The Settling Defendants are: Schaeffler Group USA Inc. (“Schaeffler”); JTEKT Corporation and JTEKT North America Corporation, formerly known as Koyo Corporation of U.S.A. (collectively, “JTEKT”); and NTN Corporation and NTN USA Corporation (collectively “NTN”). A list of the Defendants, their affiliates, and the alleged co-conspirators for each case involving the parts described in the Settlement Class definitions and settlement agreements is available under the Court Documents section of this website.
What Do The Settlements Provide
Generally, you are included if, at any time between January 1, 2000 and November 21, 2016 for Bearings, you were a dealer of heavy-duty (Class 8) or medium-duty (Class 4, 5, 6, & 7) trucks, buses, commercial vehicles (excluding automobiles, light trucks, vans, sports utility vehicles, crossovers, pickup trucks, and/or similar motor vehicles sold by automobile dealers), all-terrain vehicles, construction equipment, mining equipment, agricultural equipment, railway vehicles, materials-handling vehicles, and other similar vehicles (“Trucks and/or Equipment”) that: (a) purchased Trucks and/or Equipment containing a Bearings; (b) indirectly purchased a Bearing as a replacement part. Indirectly means you bought the vehicle replacement part from someone other than the manufacturer of the part.
The specific definition of who is included in each Settlement Class is set forth in each Settlement Agreement between the Settlement Classes and the Settling Defendants. Each of those Settlement Agreements, and the related Complaints are accessible under the Court Documents section of this website.
The Settlement Funds total approximately $5.7 million. Detailed information about the respective Settlements and the parts involved can be found in the full-length Notice. The amount of money your dealership may receive, if any, will depend upon where the dealership purchased the affected vehicles or component parts, the type and quantity of vehicles and parts your dealership purchased in the states listed above and the District of Colombia, and the total number of claims made by eligible Truck and Equipment Dealers.
What Are My Rights And Options?
The complete terms, including the definitions of what parties and claims are being released are set forth in the full-length Notice, settlement agreements, and the Court filings which may be obtained under the Court Documents section of this website.