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Sumitomo Strikes $50M Deal With Car Buyers In Antitrust MDL

By Aebra Coe ( September 16, 2015, 4:06 PM EDT) -- Japanese car parts manufacturer Sumitomo Electric Industries Ltd. has agreed to pay $50 million to exit multidistrict litigation brought by U.S. car dealerships and their customers accusing a group of automotive wire harness and heater control panel suppliers of price-fixing, according to a Wednesday announcement....

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