The settlement benefits consumers and entities who purchased small bearings directly from Minebea Mitsumi Inc., NMB USA Inc., NMB Technologies Corp., NSK Ltd., NSK Americas Inc. and/or NSK Corp. between June 1, 2003, and Feb. 15, 2017.
The deadline to submit a claim has passed. Cylindrical Bearings
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Minebea agreed to a $9.75 million settlement to resolve a class action lawsuit claiming it worked with other automotive parts manufacturers to raise the price of small bearings, affecting direct purchasers.
The settlement benefits consumers and entities who purchased small bearings directly from Minebea Mitsumi Inc., NMB USA Inc., NMB Technologies Corp., NSK Ltd., NSK Americas Inc. and/or NSK Corp. between June 1, 2003, and Feb. 15, 2017.
Small bearings are bearings with an outer diameter of 30 millimeters or less, including those used in air conditioning compressors, alternators, anti-lock braking systems, cooling fans, fuel pumps, motors for electric control systems, starters, steering systems, transmissions, water pumps, wheels and windshield wiper motors.
According to the class action lawsuit, Minebea conspired with other auto parts manufacturers to raise and fix the price of small bearings. Direct purchasers allegedly suffered financial damages from this scheme when they were forced to overpay for small bearings.
Minebea Mitsumi is a machined parts manufacturer based in Japan.
Minebea hasn’t admitted any wrongdoing but agreed to resolve the antitrust class action lawsuit with a $9.75 million settlement.
Under the terms of the small bearings direct purchaser class action settlement, class members can receive a cash payment based on the amount they paid for small bearings purchased from the defendants. No payment estimates are available at this time.
The deadline for exclusion and objection is Aug. 25, 2023.
The final approval hearing for the settlement is scheduled for Oct. 12, 2023.
In order to receive settlement benefits, class members must submit a valid claim form by Oct. 26, 2023.
Consumers and entities who purchased small bearings directly from Minebea Mitsumi Inc., NMB USA Inc., NMB Technologies Corp., NSK Ltd., NSK Americas Inc. and/or NSK Corp. between June 1, 2003, and Feb. 15, 201
Invoices, purchase journals, accounts payable journals, etc. or estimation methods used to calculate your claimed purchases. When records are available to allow the class member to calculate and document the dollar amount of their purchases, they
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
McGuire Bearing Co. v. Minebea Mitsumi Inc., et al., Case No. 2:17-cv-10853-MOB-MKM, in the U.S. District Court for the Eastern District of Michigan
Small Bearings Direct Purchaser Antitrust Litigation P.O. Box 3560 Portland, OR 97208-3560 888-396-9607
Steven A Kanner FREED KANNER LONDON & MILLEN LLC
Joseph C Kohn KOHN SWIFT & GRAF PC
Gregory P Hansel PRETI FLAHERTY BELIVEAU & PACHIOS LLP
William G Caldes SPECTOR ROSEMAN & KODROFF PC
James L Cooper ARNOLD & PORTER KAYE SCHOLER LLP
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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.
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