Morgan Crucible, Carbone of America Industries, Schunk GmBH and SGL Carbon

New Jersey - A class action lawsuit was filed against the four companies for allegedly conspiring to fix the prices of a range of electrical carbon products. The products included carbon brushes used in consumer products, carbon brushes and current collectors for automotive and traction-transit applications, carbon brushes used in battery-operated vehicles and mechanical carbon products for use in pump and compressor industries. U.S. District Judge Jerome Simandle of the District of New Jersey has granted final approval of a $21.9 million class action settlement. In the settlement, Morgan Crucible will pay $15 million, Carbone of America Industries will pay $3.7 million, Schunk GmBH will pay $2.975 million and SGL Carbon will pay $225,000. (Sep-06-06) [LAW.COM]

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