Hitachi Astemo and KYB agreed to pay a combined $6 million class action lawsuit settlement to resolve claims they worked with other auto parts manufacturers to fix the price of shock absorbers.
Several companies, including Hitachi Astemo and KYB, are accused of conspiring to fix the prices of automotive parts in violation of federal antitrust laws. The two companies are specifically accused of fixing the prices of shock absorbers, part of the suspension systems in vehicles.
Hitachi Astemo is an automotive parts manufacturer based in Japan. KYB is a shocks and struts manufacturer that does business around the world, including in North America.
Hitachi Astemo and KYB haven’t admitted any wrongdoing but agreed to a $6 million settlement to resolve the shock absorbers antitrust class action lawsuit. Hitachi Astemo will contribute $2.5 million while KYB will pay $3.5 million. These settlements are the latest in a series of settlements in the antitrust multidistrict litigation.
Hitachi Astemo, KYB Shock Absorbers Antitrust Class Action Lawsuit
- Who’s Eligible:
- Individuals and entities who purchased shock absorbers directly from Hitachi Astemo and/or KYB between Jan. 1, 1995, and Sept. 18, 2021
- Estimated Amount: TBD
- Proof of Purchase: Documentation of shock absorber purchases
- Claim Form Deadline: 06/22/2023
- Case Name & Number:
- In re: Automotive Parts Antitrust Litigation, Case No. 2:12-md-02311, in the U.S. District Court for the Eastern District of Michigan
- How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
(Click here to file a claim)
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Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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