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Automotive Parts Bearings Antitrust Litigation

Settlement Structure: Claims Made

Active: Open

Case Summary:

This settlement resolves a portion of a very large antitrust litigation against makers of automotive parts, dealing with those who manufactured bearings for automotive and industrial use. The settling defendants include a group of parts makers that include companies in the JTEKT, Nachi, NSK, NTN, and SKF groups.

The class action was brought on behalf of direct-purchaser distributors in the US of many types of ball bearings, including tapered roller bearings, needle roller bearings, roller bearings, and mounted bearings. The complaint alleged that the companies conspired to fix or raise prices of bearings, rig bids, or allocate supplies, in violation of antitrust laws.

Docket Number:

Master File No. 12-md-02311; 2:12-cv-00501-SFC-RSW; 2:15-cv-12068-SFC-RSW; 2:15-cv-13932-SFC-RSW; 2:15-cv-13945-SFC-RSW

Company: JTEKT Corporation

Filing Deadline: June 28, 2021

Class Period: January 1, 2000 to December 31, 2014

Objection Deadline: May 5, 2021

Exclusion Deadline: May 5, 2021

Final Approval Hearing: June 10, 2021

Proof of Purchase:

If you have documentation of your purchases, you must use it to support your claims. If you do not, you may use other means of estimating purchases. Note that your claim form is subject to audit by the settlement administrator and that you may be asked to provide some or all of the supporting documentation even if it is not required at the time you fill out your claim form.

Eligibility:

You may be eligible if, between January 1, 2000 and December 31, 2014, you were a distributor who bought ball bearings in the US DIRECTLY from any of the following companies, or their subsidiaries or affiliates:

- JTEKT: JTEKT Corporation, JTEKT North America Corporation (formerly Koyo Corporation of USA), Koyo France SA, or Koyo Deutschland GmbH
- Nachi: Nachi-Fujikoshi Corp., Nachi America, Inc., Nachi Technology, Inc., Nachi Europe GmbH
- NSK: NSK, Ltd., NSK Americas, Inc. NSK Europe, Ltd., NSK Corporation
- NTN: NTN Corporation, NTN USA Corporation, NTN Wälzlager GmbH, NTN-Roulements SA
- Schaeffler: Schaeffler Group USA, Inc., Schaeffler Technologies AG & Co. KG (formerly Schaeffler Technologies GmbH & Co. KG), FAG Kugelfischer GmbH
- SKF: AB SKF, SKF GmbH, SKF USA, Inc.

Typical Settlement Amount:

The Notice does not go into detail about the benefits that will be made available to the direct purchasers of bearings. For more information, see the Settlement Agreement at https://www.autopartsantitrustlitigation.com/BearingsDistributor/Content/Documents/Bearings%20Settlement%20Agreement.pdf.

Total Settlement Amount: $37.5 MILLION

Class Representative Proposed Incentive Fee:

Unknown

Law Firms:
Freed Kanner London & Millen LLC
Kohn Swift & Graf
Preti Flaherty Beliveau & Pachios LLP
Spector Roseman & Kodroff PC

Claim Form: Automotive Parts Bearings Antitrust Litigation Claim Form

Case Name: IN RE AUTOMOTIVE PARTS ANTITRUST LITIGATION and IN RE: BEARINGS CASES

Settlement Website: Automotive Parts Bearings Antitrust Litigation Website

Claims Administrator:
Epiq Systems

Claims Administrator Contact Information:

Bearings Direct Purchaser Distributor Antitrust Litigation
P.O. Box 2939
Portland, OR 97208-2939
800-574-1808

Tags: Antitrust, Automobile or Auto Parts, Bearings