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Hausfeld LLP Announces $7 Million Compressors Settlement with Tecumseh
Hausfeld LLP, a global plaintiffs' law firm dedicated to handling complex litigation and class action matters for businesses, organizations, and individuals, announced a $7 million settlement with Tecumseh Products Co. in In re: Refrigerant Compressors Antitrust Litigation, Case No. 2:09-md-02042 (E.D. Mich.). Hausfeld LLP serves as one of the class counsel law firms leading the case.
In this antitrust class action regarding refrigeration compressors, the plaintiffs allege that Tecumseh engaged in a price-fixing conspiracy to charge supra-competitive prices for compressors, which compress gas for appliances such as refrigerators and air conditioners, and for products containing compressors.
The class members in the case include customers who directly purchased the products from Tecumseh in the U.S. from January 2004 to December 2008. Under the settlement, which awaits court approval, Tecumseh has agreed to pay $7 million to resolve the alleged claims, along with an additional $250,000 for notice and costs associated with administering the settlement. Plaintiffs continue to pursue antitrust claims against other compressor manufacturers.
Hausfeld LLP attorneys working on this case are Michael Hausfeld, William Butterfield, and Reena Gambhir.
Practice Areas: Antitrust / Competition