Electronics companies Pioneer and Philips (“PLDS”) will pay a combined $50.5 million in another settlement with consumers in a class action alleging an industry-wide price-fixing scheme over optical disk drives.
PLDS will pay $40 million and Pioneer Corp. will pay $10.5 million. Optical disk drives, which are used to read or write data on CDs, DVDs and Blu-ray disks and can be found in computers, video game consoles and other devices.
This settlement brings total recovery for the indirect purchasers so far to around $175 million. Settlements with Panasonic, NEC Corp., Sony and Hitachi LG have already been approved by U.S. District Judge Richard Seeborg.
Stoll Berne represents the Oregon plaintiff in this case, In re Optical Disk Drive Litigation, U.S. District Court for the Northern District Of California, Case No. 3:10-md-02143-RS.