Capacitors Antitrust Class Action Settlement
The NEC TOKIN Settlement Class includes persons and entities in the United States that, from April 1, 2002, through July 15, 2016, purchased from a distributor (or from an entity other than a Defendant) one or more Capacitor(s) that a Defendant or alleged co-conspirator manufactured. Excluded from the NEC TOKIN Settlement Class are Defendants, their parent companies, subsidiaries, and Affiliates, any co-conspirators, Defendants’ attorneys in this case, federal government entities and instrumentalities, states, and their subdivisions, all judges assigned to the case, and all jurors in the case.
The Okaya Settlement Class includes persons and entities in the United States that, from January 1, 2002, through April 14, 2016, purchased from a distributor (or from an entity other than a Defendant) one or more Capacitor(s) that a Defendant or alleged co- conspirator manufactured.
This is a pro rata settlement where the total pool will be distributed among all valid claims based on the number of capacitors reported and other factors designed to ensure fairness in distribution
Proof of Purchase
In re Capacitors Antitrust Litigation – All Indirect Purchaser ActionsMaster File No. 3:14-cv-03264-JDDistrict Court for the Northern District of California
The lawsuit alleges that Defendants and co-conspirators conspired to raise and fix the prices of Capacitors for more than ten years, resulting in overcharges to indirect purchasers of Capacitors. The complaint describes how the Defendants and co-conspirators allegedly violated the U.S. and state antitrust, unfair competition, and consumer protection laws by agreeing to fix prices and restrict output of Capacitors by, among other things, face-to-face meetings and other communications, customer allocation, and the use of trade associations. Defendants deny Plaintiffs’ allegations. The Court has not decided who is right.