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Capacitor Antitrust Settlement – More Companies Settles For Extra $300,000…

Capacitor Makers To Pay $0.3 Million In Capacitors Antitrust Litigation Settlement Deal 

A group of electronics manufacturers has agreed to pay a settlement worth $300,000 to secure an end to an antitrust class action lawsuit alleging anticompetitive business behavior between different players in the capacitors and electronics components industry.

 In re: Capacitors Antitrust Litigation

Click to access In-re-Capacitors-Antitrust-Litigation.pdf

Consumers To Receive Payments From $300,000 Capacitors Antitrust Settlement Agreement

The $0.3 million Capacitor Antitrust Settlement amount will be distributed to eligible claimants known as indirect purchasers from a number of states in America who were reportedly victims of the anticompetitive hold of big capacitor makers in the market. 

The latest settlement payment will be paid by the following defendants: Taistu Corp., Shinyei Kaisha, Shinyei Corp. of America, Shinyei Technology Co. Ltd., Shinyei Kaisha Electronics (M) SDN. BHD., and Shinyei Capacitor Co. Ltd.

The group is just an addition to the other companies that have already paid separate settlements to end legal action in relation to purported antitrust laws violations. As of writing, the total settlement amount is tallied at around $81 million. 

What Is The Capacitors Antitrust Litigation

The Capacitors Antitrust Litigation is a collective of multiple class actions filed into one. The case argued that a number of electronics components companies have agreed to conspire with one another to prevent healthy market competition. As a result, they reportedly had a tight grip on the prices of capacitors which they decided to keep a high asking price to consumers. 

Concerned government officials have also launched their own probe on reportedly erring business enterprises. 

Capacitors are small electronic components that are found in most of today’s consumer electronics products ranging from smartphones, smart home appliances to laptops and desktop computers. 

Per the latest reports, other capacitor makers like Okaya, Nitsuko, and the like have also agreed to pay separate settlement deals in relation to the Capacitors Antitrust Litigation. 

Initial Settlement Details 

Consider The Consumer has listed down the important information you should know about this specific settlement case. 

  • Eligible claimants for this specific Capacitor Antitrust Settlement are those who are living in states considered as ‘Indirect Purchaser States’ (New York, California, Nebraska, Florida, Michigan, and Minnesota) who bought one or more capacitor units from a distribution company or a business that one of the covered defendants reportedly conspired with;
  • The class period covers purchases made between the 1st of January 2002 to the 28th of February 2014;
  • No final Capacitor Antitrust Settlement payment amount is reported as of writing; nevertheless, the final amount each qualified class member will receive will depend on a number of factors;
  • Interested parties who wish to take part in the settlement proceedings to receive a payment need to submit a claim and supporting documents on or before the 18th of February 2022;
  • For those who have already passed a claim on previous settlement notices, they do not need to complete a new claim application form; and
  • The final approval hearing for the Capacitors Antitrust Litigation settlement agreement is scheduled for the 24th of March 2022.

Editor’s Note on Capacitor Antitrust Settlement: 

This feature aims to provide you with the latest news about the newly added group of capacitor manufacturers who have agreed to pay a certain amount and enter into a settlement to end the ongoing Capacitors Antitrust Litigation filed against them. We also suggest you read the Viatris EpiPen Monopoly.

Case Name(s) & No.(s): In re: Capacitors Antitrust Litigation; Case No.: 3:21-cv-03624

Jurisdiction: United States (U.S.) District Court for the Northern District of California 

Allegation(s): A group of electronics manufacturers has engaged in anticompetitive business practices to prevent market competition and keep prices of capacitors high.     

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