Minebea Small Bearing Settlement: Scam Or Legit? What You Must Know
Did you receive the Minebea Small Bearing Settlement email? It is not a scam. You received the mail because you filed a claim.
In case you’ve forgotten, Minebea colluded with other auto parts manufacturers to artificially raise and stabilize the price of small bearings. Direct purchasers of these bearings reportedly suffered financial losses due to being compelled to pay inflated prices.
Who Is Eligible For The Minebea Small Bearing Settlement?
The settlement aims to provide compensation to consumers and organizations that directly purchased small bearings from Minebea Mitsumi Inc., NMB USA Inc., NMB Technologies Corp., NSK Ltd., NSK Americas Inc., and/or NSK Corp. between June 1, 2003, and February 15, 2017.
How Much Is The Settlement?
Minebea Mitsumi, a Japanese-based manufacturer has agreed to resolve the antitrust class action lawsuit through a settlement amounting to $9.75 million.
Under the terms of the settlement, members of the class action can expect to receive a cash payment based on the amount they paid for the small bearings purchased from the defendants. No specific estimates for the payment amounts are currently available.
How To File A Claim
If you want to get a settlement payment. Make sure to fill out a valid claim form by Oct. 26, 2023. That’s the deadline, so don’t miss it!
If you are eligible for the claim click here
Conclusion
In conclusion McGuire Bearing Co. v. Minebea Mitsumi Inc., et al., Case No. 2:17-cv-10853-MOB-MKM class action lawsuit is not a scam. Just like Varsity Brands SettlementMinebea colluded with other auto parts manufacturers to artificially raise and stabilize the price of small bearings. Direct purchasers of these bearings reportedly suffered financial losses due to being compelled to pay inflated prices.
