Proposed Settlements totaling CAD $21.94M Reached in Electrolytic & Film Capacitor Class Actions
LONDON, ON, July 24, 2023 /CNW/ - Four proposed national settlements totaling $21,940,000 for the benefit of class members have been reached in class actions alleging price fixing and related conduct on behalf of Canadians who purchased electrolytic and film capacitors and products containing electrolytic and film capacitors.
- LONDON, ON, July 24, 2023 /CNW/ - Four proposed national settlements totaling $21,940,000 for the benefit of class members have been reached in class actions alleging price fixing and related conduct on behalf of Canadians who purchased electrolytic and film capacitors and products containing electrolytic and film capacitors.
- ROHM, Fujitsu, KEMET and Nichicon (together, the "Settling Defendants") have separately agreed to pay CAD $450,000, CAD $465,000, CAD $6,200,000 and CAD $14,150,000 respectively for the benefit of Electrolytic Settlement Class Members.
- KEMET and Nichicon have also agreed to pay CAD $325,000 and CAD $350,000 respectively for the benefit of Film Settlement Class Members.
- An "electrolytic capacitor" and a "film capacitor" are two types of electronic components used in an electrical circuit to store a charge.