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BRIEF-Toyo Tire & Rubber announces settlement of lawsuit
September 14, 2017 / 8:12 AM / 2 months ago

BRIEF-Toyo Tire & Rubber announces settlement of lawsuit

Sept 14 (Reuters) - Toyo Tire & Rubber Co Ltd

* Says automobile dealer and purchasers (plaintiffs) filed a lawsuit against the co and partial U.S.-based units of the co (defendants) for violation of Anti-Trust Law

* Says defendants and partial plaintiffs agree to reach settlement in this lawsuit and defendants need to pay $47.5 million (about 5.24 billion yen) to the partial plaintiffs as settlement

Source text in Japanese: goo.gl/jwuH1b

Further company coverage: (Beijing Headline News)

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