This litigation relates to both automotive and industrial machinery Bearings purchased directly from a defendant.
“Bearings” are friction-reducing devices that allow one moving part to glide past another moving part.
A $16,538,888 settlement with the Schaeffler Defendants was approved by the Court on November 15, 2017. The Court has scheduled a hearing on a proposed plan of distribution of the Schaeffler settlement funds and Settlement Class Counsel’s requests for reimbursement of litigation expenses and service awards to the Class Representatives on July 23, 2020. If you want to receive a share of the Schaeffler settlement funds, you must submit a valid Claim Form no later than August 21, 2020.
To see documents relating to this settlement click here.
Please click here if you have any questions concerning this litigation, or need any additional information.