New Settlements of $43 Million Announced in Lithium Ion Battery Antitrust Litigation

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 New Settlements of $43 Million Announced in Lithium Ion Battery Antitrust Litigation

Lithium Ion Batteries

Offended party circuitous buyers of lithium particle batteries have informed the government Northern District Court in California that few litigants in the multidistrict antitrust claim over supposed value fixing have consented to a settlement esteemed at more than $43 million.

NEC, Samsung, and Toshiba will pay the offended parties the settlement sum as remuneration for buyers who guarantee they had to address expanded costs for batteries because of an estimating trick between various battery producers. Panasonic and Sanyo, likewise gatherings to the claim, have not consented to any settlement and expect to continue with case of the case. Prior settlements incorporate those with Sony, LG, and Hitachi.

Lieff Cabraser fills in as Interim Co-Lead Indirect Purchaser Counsel addressing shoppers in the class activity against LG, GS Yuasa, NEC, Sony, Sanyo, Panasonic, Hitachi, LG Chem, Samsung, Toshiba, and Sanyo for purportedly contriving to fix and raise the costs of lithium-particle battery-powered batteriesin infringement of U.S. antitrust law from 2002 to 2011

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