Parts Supplier Settles Price-Fixing Claims for more than $250M

Auto parts supplier Denso Corp. has agreed to pay more than $250 million to settle price-fixing claims in a multi-district litigation.  According to settlement documents filed in the District Court for the Eastern District of Michigan, Denso will pay approximately $193.8 million to car buyers and $61.2 million to auto dealers.  The settlement ends a lengthy Department of Justice investigation that has resulted in several companies paying more than $2 billion in fines.  Danso has issued a statement emphasizing it has taken various preventive measures to ensure compliance with antitrust laws, including enacting stricter compliance rules and strengthening compliance monitoring.

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