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TK Holdings Direct Purchasers of Safety Systems Antitrust Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

This settlement is part of the ongoing massive Automotive Parts Antitrust Litigation, this time involving the former TK Holdings, Inc., now in bankruptcy and settling as the TK Holdings Trust. The complaint alleged that the defendants in this case conspired to suppress and eliminate competition for occupant safety systems sold to direct purchasers in the US. As a result of the anti-competitive actions, the complaint alleged, purchasers were forced to pay more for those products. Occupant safety systems include such things as air bags, seatbelts, steering wheels, safety electronic systems, and parts and components for them.

Docket Number:

Master File No. 12‐md‐02311; also 2:12‐cv‐00601‐SFC‐RSW and 2:16‐cv‐10002‐SFC‐RSW

Company: TK Holdings, Inc.

Filing Deadline: September 23, 2022

Class Period: January 1, 2003 to June 25, 2017

Exclusion Deadline: August 8, 2022

Final Approval Hearing: September 15, 2022

Proof of Purchase:

If you have previously submitted a claim form for direct purchases of occupant safety systems in this case, you should not submit another one, unless you are adding information. If you do not have records, you may still submit a claim based on estimates, but you must explain why documentation is not available and why your estimate is reasonable.

Eligibility:

You may be eligible if you are a direct purchaser of occupant safety systems in the US, who bought these items directly from one or more of the following companies between January 1, 2003 and June 25, 2017: (1) Autoliv, Inc.; (2) Autoliv ASP, Inc.; (3) Autoliv B.V. & Co. KG; (4) Autoliv Japan Ltd.; (5) Takata Corp.; (6) TK Holdings, Inc.; (7) Tokai Rika Co., Ltd.; (8) TRAM Inc. d/b/a Tokai Rika U.S.A., Inc.; (9) Toyoda Gosei Co., Ltd.; (10) Toyoda Gosei North America Corp.; (11) TG Missouri Corporation; (12) TRW Automotive Holdings Corp.; (13) TRW Deutschland Holding GmbH; or (14) any co-conspirator of these companies.

Typical Settlement Amount:

The Net TK Holdings Settlement Fund will be distributed pro rata, with each claimant’s share based upon the amount of their approved claims.

Total Settlement Amount: $84,000,000

Class Representative Proposed Incentive Fee:

Unknown

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

Claim Form: TK Holdings Direct Purchasers of Safety Systems Antitrust Settlement Claim Form

Case Name: IN RE AUTOMOTIVE PARTS ANTITRUST LITIGATION

Settlement Website: TK Holdings Direct Purchasers of Safety Systems Antitrust Settlement Website

Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.

Claims Administrator Contact Information:

Occupant Safety Systems Direct Purchaser Antitrust Litigation
P.O. Box 5110
Portland, OR 97208-5110
877-797-6093

Tags: Anticompetitive Actions, Antitrust, Automobile or Auto Parts, Requiring Consumer to Pay Higher Prices