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Settlements Continue to Build in Ongoing Auto Parts Antitrust LitigationPlaintiffs announced today that two additional settlements have been reached in the massive antitrust proceedings against automobile parts manufacturers. The settlements call for: This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150826005728/en/
Total settlements in the end-payor case, where class members include businesses and consumers who purchased or leased new automobiles, have now reached almost $200 million. Hollis Salzman, co-lead counsel for the end-payor plaintiffs and co-chair of Robins Kaplan LLP's Antitrust and Trade Regulation Practice, represents a group of more than 50 individuals who purchased or leased new automobiles containing the auto parts at issue in the litigation. "We're pleased that these additional settlements continue to compensate victims of the conspiracy," said Salzman. "Also, each of the settling defendants has agreed to provide substantial cooperation, which will assist consumers and businesses in their continued litigation against the non-settling defendants." Total recoveries to date are reflected in the infographic. The allegations in the class actions stem from a Department of Justice antitrust investigation that has already resulted in corporate fines of more than $2.5 billion. To date, more than 35 different companies and 55 executives have pleaded or agreed to plead guilty as a result of the Department of Justice's ongoing investigation into price-fixing and bid-rigging in the auto parts industr. Additional background On Hollis Salzman:
On civil proceedings:
On criminal investigation:
About Robins Kaplan Robins Kaplan LLP is among the nation's premier trial law firms, with more than 220 lawyers located in Atlanta; Bismarck, N.D.; Boston; Los Angeles; Minneapolis; Mountain View, Calif.; New York; Naples, Fla.; and Sioux Falls, S.D. The firm litigates, mediates, and arbitrates high-stakes, complex disputes, repeatedly earning national recognition. Firm clients include-as both plaintiffs and defendants-numerous Fortune 500 corporations, emerging-markets companies, entrepreneurs, and individuals.
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