Auto parts price-fixing probe triggers suits
Oct 21, 2011 | 10:22 AM
| Corinna Petry
CHICAGO Four lawsuits have been filed against several Tier I auto suppliers stemming from an ongoing international antitrust investigation into alleged price-fixing and bid-rigging in the auto parts industry.
Each civil suit, filed in U.S. District Court in Michigan, seeks restitution for alleged overpayments for vehicles containing copper wire harness assemblies supplied by the companies.
The plaintiffs claim that the defendants named in the near-identical suitsDelphi Automotive LLP, Furukawa Electric Co. Ltd., Lear Corp., Leoni AG, Sumitomo Electric Industries Ltd., S-Y Systems Technologies Europe GmbH, Yazaki Corp. and Yazaki North America Inc.were engaged in the alleged conspiracy over a period of at least 10 years.....
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