Labaton Sucharow LLP serves on the Executive Committee in this lawsuit filed on behalf of a proposed class of Plaintiffs who purchased new motor vehicles from Defendants, the world’s major automotive manufacturers.

Plaintiffs allege that, between January 1, 2001 and April 30, 2003, Defendants violated Section 1 of the Sherman Act by entering into a series of agreements designed to prevent new motor vehicles purchased in Canada from entering the United States. The purpose and effect of this agreement was to foreclose a new motor vehicle discount channel from operating in the United States and Canada. The case is pending before the Honorable D. Brock Hornby in the District of Maine.

On February 24, 2006, Toyota Motor Sales USA agreed to pay $35 million to settle Plaintiffs' claims. Toyota also agreed to refrain from engaging in anticompetitive conduct with other auto makers and trade associations. The Toyota settlement has not yet been approved by the Court.