Buy a car between 1998 and 2017? You may be entitled to compensation
Canadians who purchased or leased vehicles between 1998 and 2017 may be eligible for a payout from a $50 million class-action settlement.Summary
A $50 million class-action settlement is available to Canadians who purchased or leased new vehicles between 1998 and 2017, stemming from allegations of auto parts price-fixing involving manufacturers like BMW, Ford, Hyundai, Kia, and Mercedes-Benz. This is a third and final disbursement, with approximately $104 million already distributed. Eligible claimants, potentially over a million Canadians, will receive at least $25, with larger payouts expected for auto dealers and fleet owners. The lawsuits relate to price-fixing of around 45 automotive parts, including air conditioning systems and shock absorbers, and while no wrongdoing was admitted, the settlement aims to return funds to those affected by artificially inflated prices. Claims for newly-included vehicles must be submitted online by May 12th.
(Source：Bnn Bloomberg)