This litigation relates to Bearings purchased by distributors in the United States directly from a Defendant.
“Bearings” refers to friction-reducing devices used in both automotive and industrial machinery that allow one moving part to glide past another moving part. Examples include, but are not limited to, the following products: ball bearings, tapered roller bearings, needle roller bearings, roller bearings, and mounted bearings of any size.
A proposed settlement has been reached with the JTEKT, NACHI, NSK, NTN, and SKF Defendants. Under the terms of the proposed settlement, the Defendants will pay $37,500,000.
If you are a distributor that purchased Bearings in the United States directly from a Defendant during the period from January 1, 2000 through December 31, 2014, you may be a member of the Settlement Class. If you remain in the Settlement Class and you wish to share in the settlement proceeds, you must complete and submit a valid Claim Form no later than June 28, 2021.
If you believe you are a member of the Settlement Class, please review the Notice, which contains information about the proposed settlement and your rights with respect to the settlement and related matters.
Please click here if you have any questions concerning this litigation, or need any additional information.