SANTA ANA, Calif., Aug. 25, 2025 /PRNewswire/ -- A settlement has been reached in a class action lawsuit against Shimano North America Bicycle, Inc. and Shimano North America Holding, Inc. (together, "Shimano"), and Specialized Bicycle Components, Inc., Trek Bicycle Corporation, and Giant Bicycle, Inc. (collectively, "Defendants"). In September 2023, Shimano voluntarily recalled Shimano Hollowtech II cranksets in the United States that had been manufactured before July 2019 (the "Voluntary Recall"). Plaintiffs alleged breaches of warranties, and sought relief in connection with the advertising and marketing of Defendants' products and the alleged inadequacy of the voluntary recall. There are no allegations that Plaintiffs have suffered any physical injuries from the cranksets involved.
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