Kemet has reached a $62 million settlement of antitrust litigation in California federal court accusing several electronics parts manufacturers of agreeing to fix the price of capacitors. Groups of direct and indirect purchasers have accused more than a dozen overseas manufacturers including Panasonic Corp. and Sanyo of conspiring to fix prices for aluminum, tantalum and film capacitors over the last decade. U.S. District Judge James Donato certified a class of direct buyers in November 2018.
The lawsuit was filed in July 2014. In April 2018, indirect purchasers reached a $20 million deal with several manufacturers and later that year they reached a $21.5 million agreement with Nichicon Corp.
This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.