Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Alm
ost two dozen Fastener manufacturers (collectively known as “Prym, YKK and Coats”) have reached a class action settlement over claims they engaged in a decades-long international price-fixing conspiracy to fix, maintain and raise the prices of Fasteners sold in the United States, in violation of federal antitrust laws. The term “Fasteners” includes zippers, snap fasteners, jeans buttons, hooks eyes, clamping locks, clip fasteners and rivets, and other fastening devices used in apparel, garments and footwear.
Under the combined $17.55 million class action settlement, U.S. consumers who purchased Fasteners directly from one of the defendants between Jan. 1, 1991, and Sept. 19, 2007, may be entitled to a share of the settlement proceeds. The class action settlement will be distributed among Class Members who file timely and valid Claim Forms postmarked on or before Dec. 15, 2013.
If approved at the Jan. 10, 2014, Final Fairness Hearing, the Fasteners settlement will resolve several class action lawsuits filed since 2007 that allege Prym, YKK and Cots entered into a conspiracy to fix prices, allocate markets and customers, and share sensitive business information. Plaintiffs further allege that as a result of the conspiracy, they and other direct purchasers of Fasteners have been injured by paying more for Fasteners than they would have paid in the absence of the alleged illegal conduct, and seek recovery of treble damages, together with reimbursement of costs and an award of attorneys’ fees.
Defendants deny the allegations but have agreed to make payments in the amount $1.1 million (Prym), $6.6 million (YKK) and $9.85 million (Coats) to resolve the litigation.
The amount of money that direct purchasers of Fasteners can claim from the class action settlement can’t be determined at this time, but will be based on the number of eligible claims filed and upon their direct purchases.
Detailed claim filing instructions for the Fasteners antitrust class action settlement are below.
The consolidated case is In Re: Fasteners Antitrust Litigation, MDL NO. 1912, U.S. District Court, Eastern District of Pennsylvania.
How to File a Claim for the Fasteners Class Action Lawsuit Settlement
Website of the Class Action Lawsuit Settlement Administrator: www.FastenersAntitrustLitigation.com
Address to submit a claim form (REQUIRED):
Fasteners Antitrust Litigation
Settlement Administration
P.O. Box 58370
Philadelphia, PA 19102-8370
Claims must be postmarked by: 12/15/13
Potential Award:
Cash award (TBD).
Settlement Administrator:
Heffler Claims Group
1515 Market Street
Suite 1700
Philadelphia, PA 19102
1-855-887-3478
Class Counsel:
Warren Rubin
LAW OFFICES BERNARD M. GROSS, P.C.
Joseph C. Kohn
KOHN, SWIFT & GRAF, P.C.
Gerald J. Rodos
BARRACK, RODOS & BACINE
Gregory K. Arenson
KAPLAN FOX & KILSHEIMER LLP
Steven A. Reiss
WEIL, GOTSHAL & MANGES, LLP
Peter E. Halle
MORGAN, LEWIS & BOCKIUS LLP
Defense Counsel:
Jonathan K. Youngwood
SIMPSON THACHER & BARTLETT LLP
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
9 thoughts onFasteners Antitrust Litigation Class Action Settlement
My company with 3 locations purchased almost 10,000 dollars worth of fasteners products with invoices and payments and submitted. Fat cat lawyers took over 4 million in commissions . !8 million dollars or so paid out. ALL WE RECEIVED 80 DOLLARS check today. something is wrong with system. Seems paid out ratio is 0.0087 percent of claim. Eighth of a one percent. RIDICULOUS..
like what the in world no checks yet, come on people
Did anyone get a check
Did anyone here anything??
Hello updates please for us consumers please…Thanks
Has any received a check yet?
Note: This settlement does not apply to most individuals because you did not buy DIRECTLY from the fastener companies. Read the claim form and instructions.
hello been buying blue jeans and everytime my jeans do last so long to a month or two they start to rip and stuff and i like there jeans but they not good to be ripin like that
HELLO,
I HAVE PURCHASED MANY BLUE JEAN TROUSERS WITH FASTENERS THAT HAVE FAILED,, AND HAVE HAD TO REPAIR THE FASTENER FAILURES, ON SEVERAL OCASSIONS. PLEASE FEEL FREE TO CONTACT ME AT YOUR CADENCE, REGARDING THIS LAW SUIT.