Additional Settlements Reached
Indirect purchasers have reached settlements with the LG, Hitachi-Maxell and NEC defendants, for a total of $44.95 million. The claims period for these settlements will end on Nov. 29, 2017. Go to https://www.reversethecharge.com/ to make a claim now.
Hagens Berman filed a class action lawsuit alleging that several of the largest lithium-ion battery producers, including LG Chem, Ltd. (KSE: 051910.KS), Panasonic Corporation (NYSE: PC), Sanyo Corporation (TAI: 1614.TW), Sony Corp. (NYSE: SNE), Samsung SDI (KSE: 006405.KS), Hitachi, Ltd. (OTC: HTHIY), and Maxell Corporation of America conspired to fix and artificially increase the price of batteries, inflating the cost of notebooks and other portable computers paid by consumers.
Lithium-ion batteries are commonly used in consumer electronic products, including notebook computers, camcorders, and power tools. The lawsuit alleges that due to the price-fixing scheme, consumers overpaid for all of these devices.
The lawsuit was initially filed on October 3, 2012, in the U.S. District Court for the Northern District of California. It alleged that the defendants collectively controlled between 60 to 90 percent of the market for lithium-ion batteries between 2000 and 2011 and used that power to fix battery prices.
On October 2, 2014, Judge Gonzalez Rogers denied, in part, defendants’ Motions to Dismiss the Second Consolidated Amended Complaints of Direct and Indirect Purchaser Plaintiffs, permitting IPPs to pursue their case against named-defendants.
In January 2016, IPPs moved for certification of a class of all persons and entities who indirectly purchased a cylindrical lithium-ion battery manufactured by the defendants. This includes: (i) a portable computer, (ii) a power tool, (iii) a camcorder, or (iv) a replacement battery for any of these products. The class period extends from January 1, 2000 through May 31, 2011.
Indirect purchasers have reached a settlement with the Sony defendants and filed their motion for preliminary approval in April 2016.
If you purchased a device containing a lithium-ion battery, such as a notebook computer, camcorder, or power tool between January 1, 2000 and May 31, 2011, you may have overpaid because of the alleged price-fixing scheme. You are encouraged to contact Hagens Berman to discuss your legal rights in the proposed class-action lawsuit.
Concerned consumers can contact Hagens Berman, who filed the lawsuit, by emailing email@example.com or calling 206-623-7292.
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