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This settlement is closed!
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Several linear resistors manufacturers have agreed to pay a total of $50 million to resolve price-fixing class action lawsuit claims.
The settlement will benefit individuals who purchased linear resistors from resistor manufacturers (listed in the “Who’s Eligible” section below) between July 9, 2003 and Aug. 1, 2014.
Linear resistors are electrical components that, when placed in a circuit, regulate the flow of an electrical current. These components are commonly used in electronic devices including televisions, cell phones, and computers. In some devices, there may be hundreds of resistors used to complete the electric circuit.
A class action lawsuit against numerous companies including Panasonic, Kamaya Inc., Walsin Technology Corporation, and others, claimed that the linear resistor manufacturers conspired together to raise, fix, maintain, or stabilize the price of linear resistors in a way that increased their profits. Plaintiffs claimed that this alleged conspiracy violated the Sherman Antitrust Act.
Indirect purchasers, who did not purchase resistors directly from manufacturers, have also reached settlements with manufacturers. The indirect purchasers claim that they were forced to pay more for electronic devices that were equipped with overpriced linear resistors.
The recent direct purchaser settlement resolves claims against Kamaya Inc., Kamaya Electric Co. Ltd., Walsin Technology Corporation, Walsin Technology Corporation USA, Hokuriku Electric Industry Co. Ltd., HDK America Inc., Panasonic Corporation, Panasonic Corporation of North America, ROHM Co. Ltd., ROHM Semiconductor U.S.A. LLC, KOA Corporation, and KOA Speer Electronics Inc.
Under the settlement, Class Members will be able to recover monetary payment. The payment amount will depend on the dollar value of their approved resistor purchases. There are not estimates available for how much each Class Member will be able to collect.
In order to receive payment, Class Members must file a valid claim by Aug. 14, 2019. The deadline for exclusion and objection is July 15, 2019. The final approval hearing is scheduled for Sept. 5, 2019.
Who’s Eligible
Individuals who purchased linear resistors from resistor manufacturers (listed below) between July 9, 2003 and Aug. 1, 2014.
Defendant companies included in this settlement are: Kamaya Inc., Kamaya Electric Co. Ltd., Walsin Technology Corporation, Walsin Technology Corporation USA, Hokuriku Electric Industry Co. Ltd., HDK America Inc., Panasonic Corporation, Panasonic Corporation of North America, ROHM Co. Ltd., ROHM Semiconductor U.S.A. LLC, KOA Corporation, and KOA Speer Electronics Inc.
Potential Award
Varies. Each Class Member’s payment amount will depend on the dollar value of their approved purchases. The payment will also depend on the total number of claims filed and the amount of the settlement fund used to pay fees, costs, and service awards.
Proof of Purchase
Documentation proving linear resistors purchases.
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
8/14/2019
Case Name
In re: Resistors Antitrust Litigation, Case No. 3:15-cv-03820-JD, in the U.S. District Court for the Northern District of California
Final Hearing
9/5/2019
UPDATE: According to the settlement website, the Linear Resistors Price-Fixing Class Action Settlements were granted final approval on March 24, 2020. It is not known how quickly claims will be paid. Top Class Actions will continue to provide updates as we learn more
Settlement Website
Claims Administrator
Linear Resistors Settlements
c/o JND Legal Administration
P.O. Box 91309
Seattle, WA 98111
1-888-337-8772
info@ResistorsSettlements.com
Class Counsel
Shana E. Scarlett
Benjamin J. Siegel
Steve W. Berman
HAGENS BERMAN SOBOL SHAPIRO LLP
Kit A. Pierson
Daniel A. Small
Robert A. Braun
Laura Alexander
COHEN MILSTEIN SELLERS & TOLL PLLC
Defense Counsel
Ashley M. Bauer
Katherine M. Larkin-Wong
Cameron J. Clark
LATHAM & WATKINS LLP
Bradley R. Love
BARNES & THORNBURG LLP
Megan Havstad
Kenneth Ryan O’Rouke
O’MELVENY & MYERS LLP
Jason C. Murray
CROWELL & MORING LLP
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5 thoughts onLinear Resistors Price-Fixing Class Action Settlement
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Who has documentation going back to 2003?? Ripoff!