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Bridgestone agrees to pay $29.6m to settle price-fixing suit

Detroit – Bridgestone Corp. will pay $29.6 million (€25 million)) to settle a multi-district litigation suit alleging that the company fixed prices and rigged bids in the sale of rubber automotive anti-vibration parts.

End-payor plaintiffs (EPPs) in the Bridgestone case filed the agreement 9 Oct before the US District Court before the Eastern District of Michigan.

In addition to the money, Bridgestone agreed to offer total cooperation with the ongoing litigation, including witness interviews and depositions and production of documents, according to the agreement.

The EPPs asked the…

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