A $31 million settlement deal, making up more than $80 million including related agreements, has been secured in a capacitors indirect purchaser class action lawsuit alleging antitrust activity between Panasonic, Sanyo, and their supposed competitors.
The settlement concerns components called capacitors that store electric charges between conductors separated by an insulator. Capacitors are found in most electronic devices including computers, home appliances and cell phones.
Class Members in a larger settlement approved by a federal judge in June include those who purchased a film capacitor or electrolytic from a distributor or a number of defendants, including Panasonic, Sanyo, and ELNA America between April 1, 2002 and Feb. 28, 2014.
Other related class action settlement agreements include Class Members who purchased capacitors from NEC TOKIN, Okaya, Nitsuko, Hitachi, and others.
A second set of Class Members in the capacitors indirect purchaser class action settlement most recently approved by a federal judge includes those who purchased film capacitors from either a distributor or a number of the defendants between Jan. 1, 2002 and Feb. 28, 2014.
The capacitor indirect purchasers class action lawsuit was a part of extensive litigation filed over claims that a myriad of electronic companies conspired to keep the price of the devices high for direct and indirect purchasers alike.
According to the plaintiffs, capacitors are vital to any electronic device. Manufacturers took advantage of this necessity and worked to stifle competition, driving up the cost of electronics, contended multiple class action lawsuits.
In addition to the class action lawsuits, the federal government has reportedly started its own investigation. Eight manufacturers came away with federal charges as a result of the antitrust investigation.
A larger settlement was negotiated between the indirect purchasers and electronic companies in June of this year. The most recent capacitor indirect purchaser class action settlement will add $31 million to that total.
The defendants agreed to provide a cash award to Class Members and make evidence, including depositions and witnesses, available to plaintiffs’ counsel in the related antitrust litigation that is ongoing.
Under the terms of this most recent class action settlement, Class Members can claim a part of the settlement fund, minus attorneys’ fees and plaintiffs’ awards.
Class Members who wish to take part in the monetary settlement must reside in certain states. A list of those states is available at the settlement website.
To benefit from this class action settlement, Class Members will need to submit a claim online or by mail. No proof of purchase is necessary for Class Members who received a settlement notice. Those Class Members who have not received notice will need to provide proof of purchase, including documentation of those purchases.
The deadline to opt out of or object to the capacitor indirect purchaser class action settlement is Dec. 23, 2019.
Class Members in the larger Capacitor class action settlement include those who purchased Electrolytic Capacitors from a distributor or one of the defendants between April 1, 2002 and Feb. 28, 2014.
A second set of Class Members includes those who purchased a Film Capacitor from a distributor or defendant between Jan. 1, 2002 and Feb. 28, 2014.
Only Class Members from certain states are eligible for a cash payment. A list of these states is available on the settlement website.
To be determined. Class Members will receive a pro rata share of the capacitor indirect purchaser class action settlement. The final award will depend on the number of Class Members who filed valid claims and the number of capacitors purchased by each Class Member.
Proof of Purchase
Class Members who received a settlement notice packet only need to provide their claim ID. Those who did not receive a settlement notice packet will need to provide the number and type of capacitors they purchased and proof of purchase, including receipts or invoices.
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
In re: Capacitors Antitrust Litigation, Case No. 3:14-cv-03264, in the U.S. District Court for the Northern District of California
Capacitors Indirect Case
c/o A.B. Data Ltd.
P.O. Box 173020
Milwaukee, WI 53217
Adam J. Zapala
COTCHETT PITRE & MCCARTHY LLP
WILMER CUTLER PICKERING HALE AND DORR LLP
DENTONS US LLP
Michael E. Martinez
K&L GATES LLP
WINSTON & STRAWN LLP
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