Wednesday, February 1, 2012

Labaton Sucharow LLP Files Three Lawsuits Against Automotive Suppliers Implicated in Department of Justice Criminal Antitrust Probe

NEW YORK (February 1, 2012) – Labaton Sucharow LLP is the first law firm in the country to file three antitrust class action lawsuits yesterday against certain automotive parts suppliers for fixing the prices of and rigging the bids for certain automotive parts, including heating control panels, fuel senders and instrument panel clusters. The actions were filed in the United States District Court for the Eastern District of Michigan and follow an earlier class action filed in late 2011 against suppliers of automotive wire harness systems.  

Labaton Sucharow's civil lawsuits emanate from an overarching criminal investigation by the Antitrust Division of the Department of Justice into price fixing, bid rigging and other anticompetitive conduct in the automotive parts industry. This investigation has already resulted in nearly $750 million in criminal fines and is expected to yield the largest fines in DOJ history. Yazaki Corporation and DENSO Corporation, both named in the new lawsuits, have agreed to plead guilty and to pay a total of $548 million in criminal fines for their roles in the antitrust conspiracies.  

The cases are captioned LaCava, et al. v. Denso Corporation, et al., Case No. 12-cv-10410, Kendrick, et al. v. Yazaki Corporation, et al., Case No. 12-cv-10407, and Wilson, et al. v. Yazaki Corporation, et al., Case No. 12-cv-10406.