Automotive Parts Antitrust Settlement Reaches $1.2 Billion
A history-making litigation arising out of price-fixing and bid-rigging conspiracies among automotive parts manufacturers has surpassed $1.2 billion in settlements. This litigation has been going on for years, since 2011. The sum keeps on growing.
This Automotive Parts Antitrust Litigation alleges that automotive parts manufacturers rigged bids and were involved in price fixing of their products. In the litigation, which encompasses many coordinated class actions against about 200 defendants. End-payor consumers and businesses allege they purchased or leased new automobiles at prices that were artificially inflated as a result of the defendants’ anticompetitive conduct.
Who is Eligible?
Generally, you may be included in one or more of the Settlement Classes if, at any time from 1990 to 2019, you:
- bought or leased a qualifying new vehicle in the U.S. (not for resale), or
- paid to replace one or more of the qualifying vehicle parts (not for resale).
In general, qualifying vehicles include new four-wheeled passenger automobiles, vans, sports utility vehicles, crossovers, and pickup trucks.
You can check if your make and model is included here.
I assume that most people will qualify as all major makes and models are included in the settlement. Make sure you file a claim if you’re eligible. The website says that you can receive $100 or more and checks will be sent out next year.