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US: Denso to pay $255 million in antitrust case settlements to dealerships

 |  July 17, 2016

Denso Corp. has agreed to pay $255 million in settlements between two class actions over price-fixing allegations in the US, the Japanese supplier said Friday in the latest development of the largest antitrust scandal in US history.

The lawsuits, which stem to 2011 and mirror each other in their accusations, were filed on behalf of US dealerships and consumers who said they paid more for their vehicles because of alleged price-fixing schemes by Denso and several other major auto suppliers.

The civil suits, filed in US District Court in Detroit, arose from dozens of US criminal complaints and settlements involving auto suppliers over price-fixing in the last five years. To date, those prosecutions have yielded charges against 64 individuals and 44 companies, along with $2.7 billion in criminal fines, the US Justice Department said last month.

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