Auto Parts Price Fixing MDL Brings More Than $1 Billion in Settlements

A Robins Kaplan partner was appointed co-lead counsel of a landmark MDL that has already secured more than $1 billion in settlements for victims of auto parts industry conspiracies. This unprecedented case, which stems from one of the most comprehensive criminal antitrust investigations in U.S. history, encompasses more than forty separate actions filed against more than 160 defendants. This case has unique timelines, different auto parts, and numerous defendants and conspirators.

End-payor purchasers

The plaintiffs, known as End-Payors (EPPs), have filed a class action lawsuit against the Defendants for allegedly rigging bids and fixing prices. The Plaintiffs’ class action complaint alleges that the Defendants overcharged consumers for automotive parts. In particular, the lawsuit claims that the Defendants overcharged consumers for the Instrument Panel Cluster, a key component of vehicles.

Class action settlements

Consumers who purchased a new vehicle between 1990 and 1996 may be eligible to receive a class action settlement. This $1.2 billion auto parts price-fixing lawsuit offers consumers in 31 states the opportunity to claim $100 for each vehicle they own. Because consumers paid more for their parts, they ended up paying more for their cars. To find out if you qualify, you can check the website. The deadline to file your claim is Dec. 10, 2019.

Eligible vehicles

A class action lawsuit targeting auto part suppliers is bringing over $1 billion in settlements. The lawsuit claims that multiple automotive parts manufacturers conspired to keep prices high for consumers. Some automotive executives have been sentenced to prison. If you purchased auto parts from a specific manufacturer between 1995 and 2018, you may be eligible to receive compensation. Eligible vehicles are listed below. In some cases, you may not even need to register your vehicle to be eligible.

DENSO

The DENSO Auto Parts Price Fixing case has been settling for millions of dollars after a former executive pleaded guilty to conspiracy to fix the prices of certain automotive components. The alleged price-fixing scheme involved a conspiracy between the Japanese auto parts manufacturer and various automotive manufacturers. The executives agreed to coordinate the bids they submitted and the price adjustments they received from automakers. The DENSO executives, Hiroshi Watanabe and Yuji Suzuki have agreed to plead guilty to the charges.

Peugeot

A Peugeot auto parts price-fixing lawsuit has been filed against a group of suppliers over alleged price-fixing practices. The suit was filed by the PSA Group, which owns the French carmakers Peugeot, Citroen, Opel, and Vauxhall. The company claims that the suppliers were colluding to keep prices high, and it has been awarded $733 million in damages. The suit outlines a series of proposed solutions.

Wire harnesses

The Auto Parts Price Fixing Litigation has a new twist: it has included Wire Harnesses! While the lawsuit originally involved a single case, it has now spread to other parts of the automobile, including instrument panel clusters, heater control panels, and fuel senders. The auto parts price-fixing lawsuit also targets several other industries, including electronics, tires, and occupant safety systems.

DuPont

The antitrust division filed a price-fixing lawsuit against the DuPont auto parts company in June, and the company has been sentenced to pay more than $1.6 billion in criminal fines. The case has also included 21 executives and companies. Of the 21 executives and companies, 17 have pleaded guilty or entered plea deals calling for significant prison sentences. One of the executives, Gary Walker, was sentenced to 14 months in federal prison and paid a criminal fine of $200,000.

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