Class Members Eligible for Lithium Ion Battery Direct Antitrust Settlement:
The settlement classes include persons and entities who, from January 1, 2000, through May 31, 2011, bought a Li-Ion Cell, Li-Ion Battery, and/or Li-Ion Product directly from one or more of the Defendants, or any division, subsidiary, or affiliate thereof, or any alleged co-conspirator (as opposed to an intermediary, such as a retail store) in the United States.
Lithium Ion Battery Direct Antitrust Litigation Settlement Case History:
The lawsuit alleges that Defendants and co-conspirators conspired to raise and fix the prices of Li-Ion Cells for over ten years, resulting in overcharges to direct purchasers of Li-Ion Batteries and Li-Ion Products. The Complaint describes how the Defendants and co-conspirators allegedly violated the U.S. antitrust laws by agreeing to fix prices and restrict output of Li-Ion Cells 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.
Plaintiffs have now reached settlements with all of the Defendants in this Action. However, the litigation will continue
in order to complete settlement approval, claims administration, and consider Plaintiffs’ Application for Attorneys’
Fees and Expenses and Incentive Awards.
The Settlements provide for payments totaling $139,300,000 in cash, plus interest, as follows:
- Maxell – $3.45 million;
- NEC – $1 million;
- Panasonic – $42.5 million;
- Toshiba – $2.9 million;
- Sony – $19 million;
- Samsung SDI – $24.5 million;
- LG Chem – $41 million; and
- TOKIN – $4.95 million.
What Lithium Ion products are included
For purposes of the Settlements:
- “Lithium Ion Battery Cell(s)” or “Li-Ion Cells” means the main components of Lithium Ion Batteries. A cell includes the cathode, anode, and electrolyte.
- “Lithium Ion Battery” or “Li-Ion Battery” means a cylindrical, prismatic or polymer battery that is rechargeable and uses lithium ion technology.
- “Lithium Ion Battery” or “Li-Ion Battery” means a Lithium Ion Battery Cell or Lithium Ion Battery Pack.
- “Lithium Ion Battery Products” or “Li-Ion Products” means products manufactured, marketed and/or sold by Defendants, their divisions, subsidiaries or Affiliates, or their alleged co-conspirators that contain one or more Lithium Ion Battery Cells manufactured by Defendants or their alleged co-conspirators. Lithium Ion Battery Products include, but are not limited to, notebook computers, cellular (mobile) phones, digital cameras, camcorders and power tools.
Lithium Ion Battery Direct Antitrust Class Action Settlement Defendants:
The Defendant companies include the following LG Chem, Ltd.; LG Chem America, Inc.; Samsung SDI Co. Ltd.; Samsung SDI America, Inc.; Panasonic Corporation; Panasonic Corporation of North America; Sanyo Electric Co., Ltd.; Sanyo North America Corporation; Sony Corporation; Sony Energy Devices Corporation; Sony Electronics Inc.; Hitachi Maxell, Ltd.; Maxell Corporation of America; NEC Corporation; NEC Tokin Corporation; and Toshiba.
Our Class Action Settlement Services:
Our class action settlement services include:
- Identifying class action claims where businesses may be eligible to file
- Filing the class action claim with supporting documentation
- Interacting with the class action Claims Administrator
- Providing updates on class action claim settlements status
- Resolving Claims Administrator questions on claims
- Reviewing the recovery to assure the correct compensation claims amount has been received
Our Guarantee: We Get Paid When You Recover – No hidden charges or up-front fees. We provide our class action settlements services based on a contingency fee.
Getting Started is easy! If you represent a business we’ll first have you fill out our ‘Get Started‘ form and a CAC representative will contact you within 24 hours to review your eligibility and walk you through the claims process.