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PSA: Automotive Parts Litigation ($604 MILLION SETTLEMENTS) - If you Bought or Leased a New Motor Vehicle since 1998 to 2015 - Class Action Lawsuit
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Quote :Twenty-three defendant groups and their affiliates ("Settling Defendants") have agreed to Settlements resolving claims that they fixed the price of certain vehicle components. This may have caused individuals and businesses to pay more for certain new vehicles and replacement parts. These Settling Defendants deny any claims of wrongdoing.
You may be included if, from 1996 to 2016, you: (1) bought or leased a qualifying new vehicle in the U.S. (not for resale); or (2) bought a qualifying vehicle replacement part (not for resale) from someone other than the manufacturer of the part. In general, qualifying vehicles are four-wheeled passenger automobiles, cars, light trucks, pickup trucks, crossovers, vans, mini-vans, and sport utility vehicles.
In May 2016, settlements with 11 of the Settling Defendants ("Round 1 Settlements), totaling approximately $225 million, received final Court approval. Additional settlements totaling $379,401,268 have now been reached with 12 additional Settling Defendants. Those 12 additional Settling Defendants are called the "Round 2 Settling Defendants," and the settlements with them are called the "Round 2 Settlements." This website contains information about both the Round 1 and Round 2 Settlements. If you file a claim, it will be considered for inclusion in both the Round 1 and Round 2 Settlements.
The Settlements, totaling approximately $604 Million, provide money for consumers in 30 states and the District of Columbia as well as non-monetary relief, including cooperation, and agreements by certain Settling Defendants not to engage in certain conduct for a period of 24 months.
Created 11-28-2016 at 08:42 PM by Undisclosed
in Finance (2)
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