Class Actions Blog

Posts Tagged ‘price-fixing’

Drywall Manufacturers Settle Antitrust Class Action for $125 Million

Posted on: January 5th, 2018 by Steve Larson

Affiliates of American Gypsum Co., National Gypsum Co. and PABCO Building Products LLC agreed to pay a class of direct purchasers $125 million to settle price-fixing claims in multidistrict litigation being overseen by a Pennsylvania federal court, class counsel said Tuesday. Earlier, three other manufacturers had settled for $65.7 million, bringing the total settlement amount for the class up to $190.7 million.

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Bridgestone agrees to pay $29 million to settle price fixing claims

Posted on: October 17th, 2017 by Steve Larson

Bridgestone has agreed to pay $29.6 million to settle price-fixing allegations in multidistrict litigation in Michigan federal court contending that the company colluded with other companies to rig the market for certain rubber vehicle components. This is the latest settlement between a proposed class of end-payor plaintiffs who had bought vehicles with the anti-vibration rubber parts at issue or purchased them as replacement pieces. In addition to the $29.6 million payout, Bridgestone says it will provide extensive discovery efforts to help end-payor plaintiffs thoroughly prosecute companies that the plaintiffs do not reach a settlement with or companies whose settlements are not approved.

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Lithium ion battery antitrust class action settles

Posted on: March 31st, 2017 by Steve Larson

The final four manufacturers named as defendants in an antitrust class action involving lithium ion batteries have agreed to settle the remaining claims. The batteries are widely used in laptop computers and other electronic devices. Panasonic, Toshiba, Hitachi, and NEC have agreed to pay $50 million to settle litigation by direct purchasers of lithium ion batteries. The lawsuits alleged that the companies colluded with other electronics manufacturers to fix battery prices for more than a decade.

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Auto parts civil antitrust settlements exceed $260 million so far

Posted on: May 4th, 2015 by Steve Larson

CarCivil settlements recently have exceeded $260 million in federal litigation stemming from the ongoing U.S. criminal antitrust investigation into auto parts supplier price fixing. Most recently, U.S. District Judge Marianne Battani gave preliminary approval to a deal for TRW Automotive Holdings Corp. and German affiliate TRW Deutschland Holding GmbH to settle for $8 million with direct purchaser plaintiffs, which are other auto companies who allegedly bought components at colluded prices.

Since February, Hitachi Automotive Systems Ltd. and Panasonic Corp. have also agreed to pay nearly $83 million combined to settle with dealership and consumer plaintiffs.

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Auto Parts Antitrust Class Action Expands and Settlements Begin

Posted on: December 3rd, 2014 by Steve Larson

Glossy Pictogram "Airbag"

Our firm has been working on the Auto Parts Antitrust Class Actions for some time now.  The putative class action lawsuits against various manufacturers of automobile parts were brought by U.S. car buyers and are pending in the Eastern District of Michigan before a district judge that was assigned all the cases by the Judicial Panel on MultiDistrict Litigation.  There currently are separate class actions involving alleged price fixing of over 26 different auto parts. Read more…

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Costco receives $37 million jury verdict in LCD TV price fixing lawsuit

Posted on: October 24th, 2014 by Keith Dubanevich

SharpA federal jury in Seattle has found that Costco is owed nearly $37 million in damages because it purchased televisions and computers that contained price-fixed liquid-crystal display panels.

Over the past month, jurors reviewed evidence and heard testimony on how much Costco is owed as a result of an antitrust conspiracy.  AU Optronics was found guilty, and LG pleaded guilty, in federal court to conspiring with other LCD manufacturers to fix prices for thin film transistor LCD panels used in televisions and computer screens. AUO was sentenced to pay a $500 million fine, and is currently appealing its conviction and sentence.

Costco filed suit in 2010 against 10 Taiwanese, Japanese and Korean LCD makers.  Eight defendants — including Hannstar, Hitachi and Samsung — all settled the claims prior to trial.  AU Optronics and LG Display admitted to participating in an illegal price-fixing scheme, but countered in court that Costco’s figures were excessive, and proposed $1.5 million in damages.

Costco alleged that the price-fixing scheme kept it from offering the most economical products to its customers. After a day of deliberation, the jury found that Costco had been damaged in the following amounts: $2.9 million for goods purchased from Samsung; $12.1 million for goods from Sharp; $9.1 million for goods from Toshiba, $7.3 million for goods from Phillips; $4.4 million for goods from Panasonic; and $663,000 for goods from JVC.

Closing arguments centered on which side’s economic and technical experts were better qualified, and whose economic data crunching was more accurate.

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Keith Dubanevich
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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