$9.36M Settlement Granted Preliminary Approval in Bridgestone Rubber Price-Fixing Class Action

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Elizabeth DiNardo,
Legal Staff Writer

On November 14, 2017, Michigan federal court Judge Marianne O. Battani granted preliminary approval for a $9.36 million settlement between Bridgestone Corp. and a punitive class of automobile dealerships that indirectly purchased either anti-vibration rubber parts manufactured by the tire company or vehicles for resale that contained Bridgestone anti-vibration parts. Specifically, the plaintiffs allege that Bridgestone was part of a rubber price-fixing scheme. The class includes dealerships that purchased defendant’s rubber parts or resale vehicles containing the parts from March 1, 1996 to September 27, 2017. In addition to the monetary award included in the settlement, Bridgestone agreed to not engage in any rubber part price-fixing for two years. The settlement still needs to undergo a fairness hearing before final approval is granted.

The case is: Anti-Vibrational Rubber Parts – Dealership Actions, Case No.: 2:13-cv-00802, in the U.S. District Court for the Eastern District of Michigan.

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