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Class Action Updates

June 5, 2019

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…

May 13, 2019

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

May 7, 2019

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…

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8. Why did you agree to this settlement?

As Class Counsel, we do not agree to a settlement – but we do recommend that clients agree to a settlement if we think it is a good idea.

As described in the answer to FAQ#7, the settlement amount is not “calculated” in the sense that most people would understand.

We recommended this settlement because:

  • the settlement amount of $4M (plus up to $300,000 to cover the expenses incurred on behalf of the class members in the course of the litigation) is within the range of reasonable outcomes at trial;
  • there were lots of risks if we had gone to trial (see FAQs #10-14), which means that while we might have gotten more after a trial, we might also have gotten much less or nothing at all; and
  • there is a benefit in getting the money sooner (now) instead of having to wait for the end of a trial and possible appeals (see FAQ#13).

Posted in: Questions about the Settlement Agreement, Teck/Cominco Class Action FAQs

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