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Toyo reaches settlement in price-fixing case

Detroit, Michigan –  Toyo Tire & Rubber Co. is among the latest auto parts companies that have agreed pay multi-million-dollar settlements to resolve allegations that they fixed prices and rigged bids.

Automotive dealer plaintiffs filed a proposed settlement 12 Oct  with the US district court before the eastern district of Michigan in which Toyo would pay $11.4 million to resolve claims regarding alleged price fixing in the sale of rubber anti-vibration parts.

Toyo also agreed to offer total cooperation with the ongoing litigation, including witness interviews and…

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