An Ontario judge has approved settlements of almost $3.4 million to be paid by companies that illegally conspired to fix the price of automotive wire-harness systems.
Furukawa Electric Co. and American Furukawa Inc. will pay $2.3 million under the order from Judge Edward Belobaba of the Ontario Superior Court of Justice. Fujikura Ltd., Fujikura America Inc. and Fujikura Automotive America LLC will pay $1,083,280.
Belobaba called the agreements “fair and reasonable” and also ordered the companies to pay the plaintiffs $784,920 for legal fees and $85,231 for expenses.
They’re the latest settlements among 33 Canadian class-action lawsuits involving the auto-parts industry.
There have been other recent settlements involving automotive wire-harness systems with Lear Corp., Kyungshin-Lear Sales and Engineering, Yazaki Corp., Yazaki North America Inc.; Chiyoda Mfg. Co. Ltd. and Chiyoda USA Corp., according to Sotos LLP of Toronto, one of the law firms representing plaintiffs in the price-fixing cases.