Proposed Settlement Reached in Canadian Small Bearing Class Actions


LONDON, ON, February 25, 2022 /CNW/ – A draft national settlement has been reached with NSK Ltd. and NSK Canada Inc. (collectively “NSK”) in Canadian class actions relating to alleged price fixing of small size ball bearings.

Small ball bearings are used in communication devices, household appliances, video cameras, personal computers, printers, air conditioners, vacuum cleaners, fishing reels, and power tools, among other products, among others.

NSK agreed to pay CAD $600,000 for the benefit of the members of the settlement class. The settlement, which was negotiated over several months, is not an admission by NSK of liability, wrongdoing or wrongdoing, but a compromise of disputed claims. The settlement must be approved by the courts before coming into force.

To be a member of these class actions, you must have purchased a small size ball bearing or a product containing a small size ball bearing between June 1, 2003 and October 31, 2011.

This is the second and final settlement to be reached in the actions. An earlier national settlement valued at CAD $1.5 million has been previously approved by the courts. If approved, NSK’s settlement will resolve the dispute in its entirety.

Settlement amounts will not be distributed at this time. At a later date, the courts will approve a process for paying claims to class members. Further notice will be provided at the time of distribution.

For more information and to view the detailed review, please visit https://www.foremancompany.com/small-bearings.

Settlement Class Members are represented by:

In Quebec: Belleau-Lapointesencrl

In British Columbia: Camp Fiorante Matthews Mogerman LLP

Canada excluding Quebec and British Columbia: Foreman & Company Professional Corporation

Media contacts:

English: Jonathan Foreman[email protected]519-914-1175 ext. 102

English: Marie-Ève ​​​​Dumont, Option consommateurs – [email protected]514-777-6133

SOURCE Foreman & Company

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