A second consolidated amended class action complaint was filed on June 20, 2013, supplementing an on-going antitrust action in the United States District Court for the Eastern District of Michigan, Southern Division. The complaint alleges that major manufacturers of Wire Harnesses formed an international cartel to suppress and eliminate competition for products by agreeing to rig bids in a price fixing scheme.
Wire Harnesses are systems of electrical and electronic cables, wires and connectors used to transmit informational signals or operating currents to electronic control units, wiring, circuit boards, and other components in motor vehicles. According to the complaint, the Defendants controlled a majority of the market for Wire Harness products, both globally and in the United States. During the class period the top four automotive Wire Harness products manufacturers controlled 76.95% of the global market, and the top seven, the majority of which are Defendants, controlled 87.95%. The stronghold on the market enabled the Defendants to submit collusive bids, price quotations, and price adjustments in a scheme to sell products at noncompetitive prices.
The class members in this litigation comprises all individuals and entities that purchased Wire Harness products in the United States directly from one or more Defendants from January 1, 2000 through the present.
Cohen Milstein Sellers & Toll PLLC serves as additional counsel for the Plaintiffs in this action. Fink + Associates Law serves as Interim Liaison Counsel. Kohn Swift & Graf, P.C., Freed Kanner London & Millen LLC, Preti Flaherty, Beliveau & Pachios LLP and Spector Roseman Kodroff & Willis, P.C., serve as Interim Lead Counsel.