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, following an initial $104 million distribution, and aims to compensate owners of vehicles not previously eligible. Eligible claimants, potentially exceeding one million, will receive at least $25, with larger payouts expected for auto dealers and fleet owners. The lawsuit alleges price-fixing on approximately 45 parts, including air conditioning systems and shock absorbers, and while parts manufacturers avoid admitting wrongdoing, the settlement returns funds to those affected by artificially inflated prices. Claims for newly-included vehicles must be submitted online by May 12th.
(Source：CP24 Toronto)