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…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with