Mitsubishi Electric Reaches Settlement with Indirect Purchasers in Automotive Parts Suit
The settlement agreement is subject to approval by the court.
In February 2013, a class action suit was brought against Mitsubishi Electric and the subsidiaries listed above claiming damages indirect purchasers in the U.S. had suffered from an alleged antitrust violation concerning the pricing of certain automotive parts. Mitsubishi Electric and its subsidiaries decided to enter into the settlement agreement, considering the expense of a long period of litigation.
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