HVAC Manufacturers Seek Dismissal of Price-Fixing Lawsuits
What happened
Manufacturers associated with Daikin and Trane Technologies filed a joint motion on October 9 to dismiss class-action lawsuits. These lawsuits allege that several manufacturers coordinated actions leading to higher HVAC equipment prices beginning in January 2020. The manufacturers argue that price increases resulted from independent business decisions and cost pressures, including COVID-era supply chain disruptions and metal tariffs.
From achrnews.com
Why it matters
Plaintiffs allege that the manufacturers used industry information sharing and public price announcements to coordinate pricing. The manufacturers contend that the lawsuits incorrectly interpret legitimate price increases as a conspiracy. The outcome of these motions could affect the regulatory environment for HVAC pricing.
From achrnews.com
Who's involved
- DaikinManufacturer seeking dismissal of price-fixing lawsuits.
- Trane TechnologiesManufacturer seeking dismissal of price-fixing lawsuits.
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The entities involved
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Daikin
business
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Trane Technologies
irish-domiciled holding company