Nishikawa Rubber reaches price-fixing settlement

Detroit, Michigan – In the latest of a series of settlements, Nishikawa Rubber Co. will pay $11.9 million to settle price fixing and bid rigging claims brought by a class of auto dealer plaintiffs.

Judge Marianne Battani of the US District Court for the Eastern District of Michigan gave preliminary approval to the settlement agreement 13. 13.

According to a memorandum in support of the settlement agreement, the settlement is part of a Justice Department investigation into alleged price fixing, market allocation and bid rigging in the…

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