CAPACITORS INDIRECT PURCHASER ANTITRUST SETTLEMENT
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Please see the below for more information on the Capacitors Indirect Antitrust Settlement
CAPACITORS INDIRECT PURCHASER CLASS ACTION SETTLEMENT
This lawsuit alleges that Defendants and co-conspirators conspired to raise and fix the prices of Capacitors for more than ten years, resulting in overcharges to indirect purchasers of Capacitors. The complaint describes how the Defendants and co-conspirators allegedly violated the U.S. and state antitrust, unfair competition, and consumer protection laws by agreeing to fix prices and restrict output of Capacitors by, among other things, face-to-face meetings and other communications, customer allocation, and the use of trade associations.
WHAT ARE CAPACITORS?
Capacitors are one of the most common electronic components in the world today. They store electric charges between one or more pairs of conductors separated by an insulator. Most electronic products – from cellphones to personal computers to home appliances – contain them, sometimes hundreds of them. The three basic types of capacitors are ceramic, electrolytic, and film, the latter two of which are the subject of this lawsuit. Electrolytic and film capacitors are widely used in a range of industries, such as information and telecommunications, audiovisual, and electronic games. An “electrolytic capacitor” uses an electrolyte (an ionic conducting liquid) as one of its plates to achieve a relatively larger capacitance per unit volume. A “film capacitor” uses insulating plastic film and one of two conductive materials, propylene or polyester.
HOW MUCH SETTLEMENT MONEY IS AVAILABLE?
$49,540,000 (with more expected)
WHO IS ELIGIBLE FOR THE CAPACITORS INDIRECT SETTLEMENT?
The Settlement Class includes persons and entities in the United States that, from 2002 – 2016, purchased from a distributor (or from an entity other than a Defendant) one or more Capacitor(s) that a Defendant or alleged co-conspirator manufactured.
*Excluded from the Settlement Class are Defendants, their parent companies, subsidiaries, and Affiliates, any co-conspirators, Defendants’ attorneys in this case, federal government entities and municipalities, states, and their subdivisions, all judges assigned to the case, and all jurors in the case.
WHO ARE THE DEFENDANTS?
- Hitachi Chemical Co., Ltd., Hitachi AIC Inc., Hitachi Chemical Co. America, Ltd. (collectively “Hitachi”)
- NEC Tokin Corporation, NEC Tokin America, Inc. (collectively “NEC”)
- Okaya Electric Industries Co., Ltd. (“Okaya”)
- Nitsuko Electronics Corp. (‘Nitsuko”)
- Nippon Chemi-Con Corp., United Chemi-Con, Inc. (collectively “Nippon”)
- Rubycon Corp., Rubycon America Inc. (collectively “Rubycon”)
- Panasonic Corp., Panasonic Corp. of North America, Sanyo Electric Co., Ltd., Sanyo Electronic Device (U.S.A.) Corp. (“collectively “Panasonic”)
- Elna Co., Ltd., Elna America Inc. (collectively “Elna”)
- Matsuo Electric Co., Ltd. (“Matsuo”)
- Nichicon Corp., Nichicon America Corp., Fujitsu Media Devices, Inc. (collectively “Nichicon”)
- Holy Stone Enterprise Co., Ltd., Holy Stone Holdings Co., Ltd., Holy Stone Polytech Co., Ltd., Milestone Global
Technology, Inc. (collectively “Holy Stone”)
- Nissei Electric Co. (“Nissei”)
- Shinyei Technology Co., Ltd. & Shinyei Capacitor Co. (collectively “Shinyei”)
- Soshin Electric Co., Ltd. (“Soshin”)
- Taisu Corp.
- Toshin Kogyo Co., Ltd. (“Toshin”)
WHEN IS THE DEADLINE TO FILE A CLAIM?