Did you purchase a vehicle, anywhere in Canada containing forged steel products or a replacement part for your vehicle that was made from forged steel products between 2002 and October 4, 2023.
If yes, then you may be entitled to compensation.
Qu’est-ce qu’une action collective ?
Une action collective est une procédure judiciaire déposée par une personne au nom d’un groupe de personnes qui ont les mêmes recours légaux.
Quel est l’objet de cette action collective ?
Cette action collective alléguait que certains fabricants de produits d’acier forgé ont comploté en vue de fixer les prix de ces produits, ce qui a eu pour effet de hausser le prix des véhicules contenant des produits d’acier forgé fabriqués, mis en marché, distribués et/ou vendus par les défendeurs, et des pièces de rechange de ces véhicules.
Who is in the Class?
Le tribunal de Colombie-Britannique a ceritifié la procédure à tire de recours collectif contre Musashi seulement aux fins de l’entente. Le groupe visé par l’entente comprend toute personne au Canada qui a acheté ou loué un véhicule, ou qui a acheté des pièces de rechange de véhicule, contenant des produits d’acier forgé fabriqués, mis en marché, distribués et/ou vendus par les défendeurs, dont Musashi, entre 2002 et le 4 octobre 2023.
Qu’est-ce qu’un Produit en acier forgé ?
A product made of forged steel is any product or part made of steel metal that is hammered and forced into a certain shape. Forged steel products produced by Musashi are found in vehicles and typical forged steel car parts include engine, transmission, axle, and suspension parts, among others.
Quel est l’état de l’action collective ?
Settlement has been reached with Musashi. It is the first defendant to enter into a settlement for this class action.
The Settlement
Musashi has agreed to pay CDN $595,000 to settle the claims against it. The settlement is a resolution of a contested claim and Musashi does not admit any liability, wrongdoing or fault.
En quoi consiste le processus d’approbation de l’entente ?
The Court must approve the settlement before it is final. The Final Approval Hearing to consider approval of the settlement which may also address the lawyer’s fees will be held on September 6, 2024, 9:00AM Pacific Time at the BC Supreme Court at 800 Smithe Street, Vancouver, BC.
What if I want to exclude myself or object to the proposed settlement terms?
Opt-Out – If you do NOT want to participate in this class action proceeding and be bound by the settlement between Musashi and the Class, you have the right to opt out before July 30, 2024. The Opt Out form is available on Class Counsel’s website.
Oppositions – If you object to the terms of the settlement, you may communicate your objection before July 30, 2024 date.
Qu’arrivera-t-il si je ne fais rien ?
If you are a class member and you do nothing, you will be bound by the terms of the Settlement if it is approved. You will not be able to bring your own lawsuit against the defendants for the actions that are alleged in this case. You will become part of the settlement class and share in any distribution of settlement funds (if any).
Where can I get more information?
See Slater Vecchio’s website here: slatervecchio.com/class-action/forged-steel-price-fixing-class-action.