Individuals who have purchased one or more capacitors from NEC TOKIN between the dates of April 1, 2002, through July 15, 2016 may be eligible for potential reward from the Capacitors Antitrust Class Action lawsuit!
According to the lawsuit the defendants and other co-conspirators conspired to raise and fix the prices for capacitors. This resulted in over a decade of overcharges for customers. The plaintiffs claim that this is a direct violation of the U.S. and state antitrust, unfair competition, and consumer protection laws.
If you’re eligible for this class action lawsuit, be sure to submit your claim by January 7, 2019 to receive your potential reward!
Capacitors Antitrust Class Action Lawsuit
- Capacitors Antitrust Claim Form
- Claim Form Deadline: January 7, 2019
- Who’s Eligible: The Okaya Settlement Class includes persons and entities in the United States that, from January 1, 2002, through April 14, 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.
- Estimated Amount: Variers
- Proof of Purchase: No
- Case Name & Number: In re Capacitors Antitrust Litigation – All Indirect Purchaser Actions
Master File No. 3:14-cv-03264-JD
District Court for the Northern District of California
How To File a Claim
- Head over to the Capacitors Antitrust Claim Form.
- Look over the claim form to see if you are eligible.
- Complete the claim form with your information.
- Submit your claim by January 7, 2019 to receive your potential award!
Bottom Line
Individuals who have purchased one or more capacitors from NEC TOKIN between the dates of April 1, 2002, through July 15, 2016 may be eligible for potential reward from the Capacitors Antitrust Class Action lawsuit! If you’re eligible for this class action lawsuit, be sure to submit your claim by January 7, 2019 to receive your potential reward!
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This class action lawsuit alleges agreements among certain manufacturers to raise or stabilize the prices for aluminum, tantalum, and film capacitors. To date, the Joseph Saveri Law Firm has reached settlements with various defendants totaling nearly $100 million.
The firm negotiated a first round of settlements totaling $32,600,000 in cash and secure agreements with the following defendants: Fujitsu Limited; NEC TOKIN Corporation and NEC TOKIN America, Inc.; Nitsuko Electronics Corporation; Okaya Electric Industries Co., Ltd. and Okaya Electric America, Inc.; and ROHM Co., Ltd. and ROHM Semiconductor USA, Inc. Initial payments for all approved first-round claims have been distributed. These payments represent approximately half of the total first-round distribution amounts. The remaining payments will be distributed on or about June 2019 and January 2020.
Additionally, a second all-cash settlement fund of $66,900,000 has been established for settlements with defendants Hitachi Chemical Co., Ltd., Hitachi AIC, Inc., and Hitachi Chemical Co. America, Ltd. ($63,000,000); and Soshin Electric Co., Ltd., and Soshin Electronics of America Inc. ($3,900,000). These settlements have been approved by the Court. We expect to distribute these funds before the end of 2018, depending on court approval for the distributions.
For further information, please see the firm’s Capacitors case information page, press coverage of the most recent case settlements, and the In Re Capacitors Antitrust Lawsuit settlement website.
To file a claim to receive a share of the settlement funds, please visit the settlement website.
This class action lawsuit alleges agreements among certain manufacturers to raise or stabilize the prices for aluminum, tantalum, and film capacitors. To date, the firm has reached settlements with various defendants totaling nearly $100 million.
The firm negotiated a first round of settlements totaling $32,600,000 in cash and secure agreements with the following defendants: Fujitsu Limited; NEC TOKIN Corporation and NEC TOKIN America, Inc.; Nitsuko Electronics Corporation; Okaya Electric Industries Co., Ltd. and Okaya Electric America, Inc.; and ROHM Co., Ltd. and ROHM Semiconductor USA, Inc. Initial payments for all approved first-round claims have been distributed. These payments represent approximately half of the total first-round distribution amounts. The remaining payments will be distributed on or about June 2019 and January 2020.
Additionally, a second all-cash settlement fund of $66,900,000 has been established for settlements with defendants Hitachi Chemical Co., Ltd., Hitachi AIC, Inc., and Hitachi Chemical Co. America, Ltd. ($63,000,000); and Soshin Electric Co., Ltd., and Soshin Electronics of America Inc. ($3,900,000). These settlements have been approved by the Court. We expect to distribute these funds before the end of 2018, depending on court approval for the distributions.
A third settlement is pending Court approval. On December 18, 2018, Direct Purchaser Plaintiffs submitted to the Court a Motion for Preliminary Approval of Class Actions Settlements with Defendants Nichicon and Rubycon. The settlements would create an all-cash fund of $108,000,000 plus an additional $12,000,000 in contingent payments based on Rubycon’s financial performance.
https://saverilawfirm.com/settlement/capacitors-price-fixing-antitrust-litigation/