In re: Capacitors Antitrust Litigation
Published: Nov. 15, 2019 | Result Date: Sep. 23, 2019 |Case number: 3:14-cv-03264-JD Settlement – $31,000,000
Judge
Court
USDC Northern District of California
Attorneys
Plaintiff
Adam J. Zapala
(Cotchett, Pitre & McCarthy LLP)
Defendant
Thomas Mueller
(Wilmer Cutler Pickering Hale and Dorr LLP)
Michael E. Martinez
(K&L Gates LLP)
Bonnie Lau
(Morrison & Foerster LLP)
Jeffrey L. Kessler
(Winston & Strawn LLP)
Facts
A class of indirect purchasers filed an antitrust class action against Panasonic Corp., Nichison Corp., ELNA America, and Matsuo Electric Co. Ltd. in relation to capacitors, which are found in most electronic devices.
Contentions
PLAINTIFF'S CONTENTIONS: Plaintiffs claimed that defendants conspired to fix, raise, maintain or stabilize the prices of capacitors.
DEFENDANTS' CONTENTIONS: Defendants denied the contentions.
Result
The plaintiffs and the named defendants entered into a settlement agreement. Nichison agreed to pay $21.5 million, Panasonic agreed to pay $4.7 million, ELNA agreed to pay $2.25 million and Matsuo agreed to pay $2.5 million, totaling approximately $31 million.
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