A significant $129.5 million settlement opportunity has been reached for the automotive industry. If your business purchased Dealer Management System (DMS) software services from CDK Global or The Reynolds and Reynolds Co., this could result in substantial compensation for your dealership!
In re Dealer Management Systems Antitrust Litigation (18-cv-00864; MDL No. 2817)
Settlement Fund
$129,500,000
Class Period
September 1, 2013 to August 15, 2024
Claim Filing Deadline
January 9, 2025
Defendants
CDK Global, LLC (“CDK”) and The Reynolds and Reynolds Company (“Reynolds”)
Overview
This lawsuit addresses allegations that CDK and Reynolds conspired to inflate prices for DMS software services and data integration. Defendants deny these allegations.
Together, these companies control about 75% of the U.S. dealer market, and up to 90% when measured by vehicle sales.
Reynolds reached a settlement with dealerships in 2018 for $29.5 million, and CDK recently settled for $100 million. These settlement funds have been combined, with the filing deadline set for January 9, 2025. This settlement is designed to compensate dealerships that were impacted by the alleged anticompetitive practices.
Eligibility
All U.S.-based dealerships engaged in retail automobile sales that purchased DMS from CDK and/or Reynolds between September 1, 2013, and August 15, 2024, may be eligible for compensation. Many dealerships are entitled to payments from both the CDK and Reynolds settlements, depending on their DMS provider during the class period.
Recommended Next Steps
To submit a valid claim, certain documentation is required, including signed DMS contracts with Reynolds or CDK that confirm your DMS usage. Rooftops filing a claim will also need to provide additional documents, such as a signed Master Agreement.
Need more information? Call MCAG at 1-800-355-0466 to learn more or CLICK HERE to complete our contact form and an MCAG representative will respond shortly.
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