YOUR LEGAL RIGHTS AND OPTIONS | ||
---|---|---|
SUBMIT A CLAIM FORM | The only way to be eligible to receive a payment. If you already submitted a Claim Form in response to previous Settlement(s), then you do not need to submit another Claim Form. | February 18, 2022 |
EXCLUDE YOURSELF | You will not be included in the Settlement(s) from which you exclude yourself. You will receive no benefits from the Settlement(s) from which you exclude yourself, but you will keep any rights you currently have to sue the Settling Defendants about the claims in the case(s) from which you exclude yourself. | February 18, 2022 |
DO NOTHING NOW | You will be included in these Settlements. If you do not submit a Claim Form you will not be eligible to receive a payment. If you do not exclude yourself from these Settlements, you will give up your rights to sue these Settling Defendants about the claims in the lawsuit. | |
OBJECT TO THE SETTLEMENTS | If you do not exclude yourself, you can write to the Court explaining why you disagree with these Settlements. | February 18, 2022 |
GO TO HEARING | The Court granted final approval of the settlements with Shinyei Technology Co., Ltd. and Shinyei Capacitor Co., Ltd. as well as Taitsu Corporation on March 23, 2022 given that no party, class member, or other person objected to final approval. The order is available under the Court Documents tab. | March 24, 2022 |
• A class action lawsuit brought on behalf of indirect purchasers of electrolytic and film capacitors
(“Capacitors”) is currently pending. Capacitors are electronic components that store electric charges between
one or more pairs of conductors separated by an insulator.
• Plaintiffs claim that Defendants and co-conspirators engaged in an unlawful conspiracy to fix, raise,
maintain, or stabilize the prices of Capacitors. Plaintiffs further claim that indirect purchasers of
Capacitors may recover for the effect that the conspiracy had on the prices of these electronic components.
Plaintiffs allege that, as a result of the unlawful price fixing conspiracy involving Capacitors, they and
other indirect purchasers paid more for Capacitors than they would have paid absent the conspiracy. Defendants
deny Plaintiffs’ claims.
• Settlements totaling approximately $300,000 have now been reached with Defendants Shinyei Technology
Co., Ltd. and Shinyei Capacitor Co., Ltd. (“Shinyei”) as well as Taitsu Corporation (collectively,
“Settling Defendants”).
• Only certain Defendants have agreed to settle the lawsuit. In addition to the Settling Defendants listed
above, ELNA Co., Ltd. and ELNA America, Inc. (“ELNA”); Matsuo Electric Co., Ltd. (“Matsuo”); Nichicon
Corporation and Nichicon (America) Corporation (“Nichicon”); Panasonic Corporation, Panasonic
Corporation of North America, SANYO Electric Co., Ltd., and SANYO Electronic Device (U.S.A.) Corporation
(“Panasonic”); NEC TOKIN Corp. and NEC TOKIN America, Inc. (“NEC TOKIN”); Okaya Electric Industries
Co., Ltd. (“OEI”); Nitsuko Electronics Corporation (“Nitsuko”); Hitachi Chemical Co., Ltd., Hitachi
AIC Inc., and Hitachi Chemical Co. America, Ltd. (“Hitachi”); Soshin Electric Co., Ltd. and Soshin
Electronics of America, Inc. (“Soshin”); Rubycon Corp. and Rubycon America, Inc. (“Rubycon”); Holy
Stone Enterprise Co., Ltd., Holy Stone Holdings Co., Ltd., Holy Stone Polytech Co., Ltd., and
Milestone Global Technology, Inc. (“Holystone”); and Nippon Chemi-Con Corp. and United Chemi-Con,
Inc. (“NCC/UCC”) have previously agreed to settlements.
• The Non-Settling Defendant companies include: Nissei Electric Co., Ltd. and Toshin Kogyo Co., Ltd.
(collectively, “Non-Settling Defendants”).
• The Settlement Classes for the Shinyei and Taitsu Settlement Agreements include the following:
To be eligible to receive a payment if the Court approves the Settlements, you must complete and submit a valid Claim Form by February 18, 2022.
Important Dates
Claim Processing
Start Date
Exclusion/Objection
Deadline
Claim Filing
Deadline
Final Approval
Hearing