The United States District Court for the Eastern District of Michigan has approved a $2,719,274 class settlement between direct purchasers of valve timing control devices and the defendants. Additional information about the valve timing control devices settlement can be found at http://www.autopartsantitrustlitigation.com.
Kohn, Swift & Graf is one of the co-lead counsel for the valve timing control device class and all other direct purchaser cases in In re: Automotive Parts Antitrust Litigation, MDL 2311, which is pending in federal court in Detroit, Michigan. The Department of Justice has described the automotive parts investigation as the largest U.S. criminal antitrust investigation in history.
To date, Kohn, Swift & Graf and its co-counsel have obtained over $375 million in recoveries for direct purchasers of automotive parts.