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06.05.2019

Auto-Parts – Settlement

Settlement

A settlement has been reached with the defendant, Nishikawa Rubber Co. (“Nishikawa”), in the amount of $5,750,000.

The Nishikawa settlement releases the claims against Nishikawa, Nishikawa of America, Inc., Nishikawa Cooper LLC, Cooper-Standard Holdings Inc., Cooper-Standard Automotive Inc. and Cooper-Standard Automotive Canada Limited and is subject to court approval in Ontario. The motion to approve the settlement will be heard in the Ontario Court in the City of Toronto on July 10, 2019 at 9:30 a.m.  The hearing will be broadcast live via video link in the Québec Courthouse, at 300 Boulevard Jean Lesage, in the City of Quebec.  If you wish to attend the broadcasting, please email [email protected], to the attention of Karim Diallo no later than June 28, 2019.

The settlement is also subject to a further enforcement and recognition application to be held in Québec. Should the Ontario Court approve the Nishikawa settlement, a hearing will be held at the Québec Courthouse, at 300 Boulevard Jean Lesage, in the City of Quebec on September 10, 2019 at 9:30 a.m. to enforce and recognize the Ontario order. The objective of this process is to enforce, in Quebec, the potential Ontario order approving the Nishikawa settlement that will have been rendered in Ontario.

The settlement is also subject to a further recognition process in British Columbia. The potential Ontario order approving the Nishikawa settlement will be registered at the court registry in British Columbia in accordance with the Enforcement of Canadian Judgments and Decrees Act, or, failing this, an application will be brought before the British Columbia Court for an order recognizing and enforcing the order. The objective of this process is to enforce, in British Columbia, the potential Ontario order approving the Nishikawa settlement that will have been rendered in Ontario.

All Nishikawa Settlement Class members will be able to make submissions to the Ontario Court. Nishikawa Settlement Class members who are resident of Québec will further be able to make submissions to the Québec Court.  Please review the Notice of Certification for Settlement Purposes and Settlement Approval Hearing listed below for more information.

The settlement funds (plus interest, less court-approved fees and expenses) are being held in trust for the benefit of settlement class members. At a later date, the Courts will be asked to approve a method of distributing the settlement funds to settlement class members.

Contested Litigation

Litigation is continuing against the remaining defendants and is being case managed together with the other auto parts class actions by Justice Belobaba in Toronto.

05.13.2019

Lithium Ion Rechargeable Batteries Settlements

Settlements have been reached with LG Chem and Toshiba totaling over $5 million.

05.07.2019

Autoparts – New Settlements

Settlements have been reached with the defendants in the following actions:

Starters

Mitsuba Corporation and American Mitsuba Corporation (“Mitsuba”), in the amount of $1,228,599.32.

Windshield Wipers

Mitsuba, in the amount of $4,273,388.97.

Fuel Injection Systems

Mitsuba, in the amount of $179,105.24.

Anti Vibration Rubber Parts

Sumitomo Riko Company Limited (formerly known as Tokai Rubber Industries, Ltd.), SumiRiko Tennessee, Inc. (formerly known as DTR Tennessee, Inc.) and SumiRiko Ohio, Inc. (formerly known as DTR Industries, Inc.) (“Sumitomo Riko”), in the amount of USD$1,150,000.00.

Requests to opt-out of the Anti Vibration Rubber Parts  proceedings must be post-marked by July 8, 2019.

The Mitsuba and Sumitomo Riko settlements are subject to court approval in Ontario, British Columbia and Quebec. Motions to approve the Mitsuba and Sumitomo Riko will be heard in the Ontario Court in the city of Toronto on May 28, 2019, at 9:30 a.m. and in the Quebec Court in the City of Quebec on June 17, 2019, at 9:30 a.m.

On June 19, 2019, at 9:00am the British Columbia Court will hold a hearing at the Vancouver Court House.

Please review the Notice of Certification for Settlement Purposes and Settlement Approval Hearing by clicking on the link shown below:

The settlement funds (plus interest, less court-approved fees and expenses) are being held in trust for the benefit of settlement class members. At a later date, the courts will be asked to approve a method of distributing the settlement funds to settlement class members.

04.16.2019

ODD Class Action – Settlement approval hearing

A settlement has been reached with the Sony Defendants.

03.12.2019

Autoparts Settlements

Settlements have been reached with the defendants in the following actions:

Starters

Robert Bosch GmbH, Robert Bosch Inc., and Robert Bosch LLC (“Bosch”), in the amount of $250,000.

Mitsubishi Electric Corporation, Mitsubishi Electric Automotive America, Inc. and Mitsubishi Electric Sales Canada, Inc. (“Mitsubishi Electric”), in the amount of $2,000,000.

Windshield Wipers

Bosch, in the amount of $150,000.

Requests to opt-out of the proceedings must be post-marked by May 13, 2019.

Alternators

Mitsubishi Electric, in the amount of $2,200,000.

Ignition Coils

Mitsubishi Electric, in the amount of $2,500,000.

Fuel Injection Systems

Aisan Industry Co. Ltd., Franklin Precision Industry, Inc., Aisan Corporation of America and Hyundam Industrial Co., Ltd. (“Aisan”), in the amount of $40,000.

Bosch, in the amount of $375,000.

Mitsubishi Electric, in the amount of $400,000.

The Aisan, Bosch and Mitsubishi Electric settlements are subject to court approval in Ontario, British Columbia and Quebec. The Aisan, Bosch, and Mitsubishi Electric settlements were approved by the Ontario Court on September 21, 2018, and in the Quebec Court on November 30, 2018. On April 24, 2019, at 9:30am the British Columbia Court will hold a hearing at the Vancouver Court House at 800 Smithe Street, Vancouver, British Columbia.

Please review the Notice of Certification for Settlement Purposes and Settlement Approval Hearing by clicking on the link shown below:

The settlement funds (plus interest, less court-approved fees and expenses) are being held in trust for the benefit of settlement class members. At a later date, the courts will be asked to approve a method of distributing the settlement funds to settlement class members.

02.11.2019

Gold Price Manipulation Certification for Settlement

On October 25, 2018, the Ontario Court approved a motion to certify the within action as against Deutsche Bank AG, Deutsche Bank Securities Limited, and Deutsche Bank Securities, Inc. (“Deutsche Bank”) for settlement purposes.

The Deutsche Bank settlement agreement (the “Deutsche Bank Agreement”) is subject to Court approvals in Ontario and Quebec. Hearings to approve the Deutsche Bank Agreement will be held as follows:

If you decide to exclude yourself (opt out), you must submit an Opt Out Form no later than April 12, 2019.

Copies of the Deutsche Bank Agreement, Short-Form and Long Form Notice (English and French) and opt-out form can be located under the “Important Documents” heading on the Gold Price Manipulation page.

Silver Price Manipulation Certification for Settlement

On October 25, 2018, the Ontario Court approved a motion to certify the within action as against Deutsche Bank AG, Deutsche Bank Securities Limited, and Deutsche Bank Securities, Inc. (“Deutsche Bank”) for settlement purposes.

The Deutsche Bank settlement agreement (the “Deutsche Bank Agreement”) is subject to Court approvals in Ontario and Quebec. Hearings to approve the Deutsche Bank Agreement will be held as follows:

If you decide to exclude yourself (opt out), you must submit an Opt Out Form no later than April 12, 2019.

Copies of the Deutsche Bank Agreement, Short-Form and Long Form Notice (English and French) and opt-out form can be located under the “Important Documents” heading on the Sliver Price Manipulation page.

01.17.2019

Foreign Exchange Manipulation

A national settlement has been reached with Morgan Stanley for USD$2.3 million, subject to court approval in Ontario and Quebec.  At the approval hearings, the Ontario and Quebec courts will also be asked to approve the distribution protocol to pay out claims.

In order to receive a payment from the settlements, you must submit a claim form by August 19, 2019. Claims can be submitted online at the ForEx Class Action website.

12.07.2018

Small Bearings

On November 8, 2018, the BC Court approved a motion to certify the within action as against MinebeaMitsumi Inc. (formerly Minebea Co. Ltd.), NMB Korea, NMB (USA) Inc., and NMB Technologies Corporation (“NMB”) for settlement purposes.

The NMB settlement agreement (the “NMB Agreement”) is subject to Court approval in Ontario, British Columbia and Quebec. Hearings to approve the NMB Agreement will be held as follows:

Click to view Important Documents

11.26.2018

Hydrogen Peroxide National Settlement Approval

A national settlement, totaling $3.25 million has been reached with FMC Corporation and FMC of Canada, Ltd. (collectively “FMC”). The FMC settlement approval motion will be heard before the Ontario Superior Court in London on January 18, 2019.