Autoliv to settle US price fixing lawsuits for US$65m


Sweden-based Autoliv said it had agreed to settle three antitrust class actions in the US for US$65m.

In a statement, the automotive safety systems supplier said it would pay US$40m, US$6m and US$19m respectively to settle three class actions pending in the US District Court for the Eastern District of Michigan.

The class actions were brought on behalf of three separate alleged classes of purchasers of occupant safety systems in the US – direct purchasers, auto dealers and consumers.

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