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Direct purchasers request preliminary approval of $5.25 million settlement with Nippon Seiki

( April 9, 2014, 22:31 GMT | Official Statement) -- MLex Summary: ACAP, on behalf of direct purchasers, has requested preliminary approval of a settlement agreement reached with Nippon Seiki and New Sabina Industries that resolves allegations that the companies conspired to fix the price of automobile instrument panel clusters. Under the agreement, the companies will pay $5.25 million and cooperate in the prosecution of claims against the remaining defendants. See document below. ...

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