This litigation relates to Valve Timing Control Devices purchased directly from a Defendant.
“Valve Timing Control Devices” refers to devices that are part of a vehicle’s engine and control the opening/closing of an intake valve and exhaust valve based on driving conditions and contribute to the engine management of the vehicle. Valve Timing Control Devices includes the variable cam timing (“VCT”) actuator, other actuators (including variable timing control actuators), and/or solenoid valves. Some Valve Timing Control Devices are sold together and separately as components and are sometimes referred to as “variable valve timing” systems.
Proposed settlements have been reached with the Mitsubishi Electric, HIAMS, DENSO, and Aisin Seiki Defendants. Under the terms of the proposed settlements, Mitsubitshi Electric will pay $359,274, HIAMS will pay $1,410,000, DENSO will pay $100,000, and Aisin Seiki will pay $850,000.
If you purchased Valve Timing Control Devices in the United States directly from any of the Defendants during the period from January 1, 2000 through March 12, 2018, you may be a member of the Mitsubishi Electric, HIAMS, DENSO, or Aisin Seiki Settlement Classes. If you remain in the Mitsubishi Electric, HIAMS, DENSO, or Aisin Seiki Settlement Classes and you wish to share in the settlement proceeds attributable to that settlement, you must complete and submit a valid Claim Form no later than June 26, 2020.
If you believe you are a member of the Mitsubishi Electric, HIAMS, DENSO, or Aisin Seiki Settlement Classes, please review the Notice, which contains information about the proposed settlements and your rights with respect to the settlements and related matters.
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