Feb 26 (Reuters) - Goodyear, Bridgestone ( BRDCF ) and four other
tire manufacturers have persuaded a U.S. judge to dismiss
class-action lawsuits accusing them of conspiring to overcharge
consumers and businesses in the multibillion-dollar market for
replacement tires.
U.S. Chief District Judge Sara Lioi in an order on Tuesday
in the Akron, Ohio, federal court rejected price-fixing claims
against the tire companies, which also included Continental,
Michelin, Nokian and Pirelli. Lioi said the plaintiffs had not
adequately alleged a conspiracy to fix prices and increase
profits.
Three groups of buyers, including automobile dealerships and
other consumer purchasers, alleged in lawsuits filed last year
that the companies conspired during the COVID-19 pandemic to fix
prices of replacement tires in the United States.
Goodyear, Bridgestone ( BRDCF ) and the other tiremakers did not
immediately respond to requests for comment. Attorneys for the
plaintiffs did not immediately respond to similar requests.
The companies had denied any wrongdoing.
The lawsuits were filed after European Union antitrust
investigators announced inspections at some of the tiremakers'
non-U.S. offices.
The tire companies had urged the court not to place any
weight in the European investigation, which they said had not
led to any enforcement proceedings or other penalties.
Lioi in her ruling said the plaintiffs had not sufficiently
linked alleged conduct in Europe to sales and pricing practices
in the United States.
The judge also said the "plaintiffs have not plausibly
alleged that the price increases were irrational or against
defendants' economic self-interest absent prior agreement."
Lioi said the plaintiffs could seek to file amended lawsuits
by March 25.
The case is In re: Passenger Vehicle Replacement Tires
Antitrust Litigation, U.S. District Court, Northern District of
Ohio, No. 5:24-md-03107-SL.
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