Class Counsel Announce Proposed Settlements Reached in the Automotive Lighting Products Antitrust Litigation.

LOS ANGELES, Nov. 28, 2011 /PRNewswire/ -- The following statement is being issued by Stueve Siegel Hanson LLP, Robbins Geller Rudman & Dowd LLP, Hausfeld LLP and Labaton Sucharow LLP regarding the Aftermarket Automotive Lighting Products Antitrust Litigation.

If you purchased certain Aftermarket Automotive Lighting Products ("AALPs") directly from any of the below companies between July 29, 2001 and February 10, 2009, your legal rights may be affected by a Class Action Lawsuit and you may be entitled to a cash payment.

• DEPO AUTO PARTS INDUSTRIAL CO. LTD
• MAXZONE VEHICLE LIGHTING CORP.
• SABRY LEE (U.S.A.), INC.
• SABRY LEE LTD.
• TYC BROTHER INDUSTRIAL CO. LTD.
• GENERA CORP.
• EAGLE EYES TRAFFIC INDUSTRIAL CO. INC.
• E-LITE AUTOMOTIVE INC.

What is this lawsuit about?

Plaintiffs claim that during the Class Period, Defendants violated the United States federal antitrust laws by agreeing to fix prices on certain AALPs sold by Defendants, including headlamps and bulbs, parking, tail and interior lights, spot lights, fog lights and auxiliary lights, and excluding certain product numbers which are listed in detail on the Settlement website, www.AftermarketAutolightsSettlement.com.  Defendants have denied all claims alleged by Plaintiffs, as well as all charges of wrongdoing or liability.  The Court has not decided in favor of either Party.

Proposed Settlements have been reached with Depo and Maxzone for $25 million and the Sabry Lee Defendants for $450,000.00.  This amount, after deduction of cost and fees, will be distributed to the Class on a pro-rata basis depending on how much you spent on AALPs from July 29, 2001 to February 10, 2009.  Settling Defendants have also agreed to cooperate in the prosecution of the claims against the remaining Defendants on behalf of the Class.

What are my options?

Remain in the Class and Submit a Claim:   If you remain in the Class, you may be eligible to share in the Settlement Fund, but must complete and submit a timely claim form postmarked no later than January 6, 2012 to Aftermarket Autolights Settlement, c/o GCG, Inc., P.O. Box 91088, Seattle, WA 98111-9188.  By doing so, you will also be bound by the outcome of the litigation as to the non-Settling Defendants. Claim forms can be obtained from the Settlement website at www.AftermarketAutolightsSettlement.com.

Exclude Yourself from the Class: If you want to exclude yourself from the Settlement and from the lawsuit, you must submit a timely written request for exclusion, postmarked by January 6, 2012 to the above listed address.  If you choose to exclude yourself, you will not be bound by the Settlements if approved, will not be eligible to submit a claim or receive any money from the Settlement Fund, and you will not be a part of or bound by the continued proceedings in the lawsuit.  By excluding yourself, however, you will keep your right to sue the Defendants.

Object or Comment on the Settlements: You may object to or comment on any aspect of the Settlements. Written objections to the Settlements must be mailed to GCG at the above address, Class Counsel, and Counsel for the Settling Defendants, and must be received no later than January 6, 2012. Objecting does not exclude you from the Settlements. You may request to speak at the Final Approval Hearing set for February 23, 2012. You may also choose to appear at the Hearing through your own attorney at your own expense. Further information is found on the Settlement website.

Class Counsel: The Court appointed Jason S. Hartley of Stueve Siegel Hanson LLP, Bonny E. Sweeney of Robbins Geller Rudman & Dowd LLP, Michael P. Lehmann of Hausfeld LLP and Jay L. Himes of Labaton Sucharow LLP  as Class Counsel to represent you and other Class Members.  Class Counsel will apply to the Court for payment of attorneys' fees and expenses from the Settlement Fund. The motion(s) by Class Counsel for attorneys' fees and costs and incentive awards for the Class Representatives will be available for viewing on the Settlement website, www.AftermarketAutolightsSettlement.com, on December 16, 2011.

The Court will hold the Final Approval Hearing at 8:30 am on February 23, 2012, at the United States District Court for the Central District of California, 312 N. Spring Street, Los Angeles, CA 90012.  At this hearing, the Court will consider whether the Settlements are fair, reasonable, and adequate.  The Court will take into consideration any written objections filed in accordance with the instructions in the Settlement Notice and decide whether to approve payment of fees and expenses to Class Counsel.

This is only a summary. For detailed information or to view the full Settlement Notice and Settlement Agreements visit the website at www.AftermarketAutolightsSettlement.com, call 888-404-8013, or write Aftermarket Autolights Settlement, c/o GCG, Inc., P.O. Box 91088, Seattle, WA 98111-9188.

Please do not call the Court or the Clerk of the Court for additional information about the Settlements.

SOURCE Stueve Siegel Hanson LLP, Robbins Geller Rudman & Dowd LLP, Hausfeld LLP and Labaton Sucharow LLP