**IMPORTANT CASE UPDATE**
On March 15, 2024, second distribution settlement checks were mailed to eligible Authorized Claimants.
Please contact the Claims Administrator with any questions regarding your payment.
| 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. | The deadline to submit a claim has passed. |
| 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. | The deadline to exclude yourself from the Settlements has passed. |
| OBJECT TO THE SETTLEMENTS | If you do not exclude yourself, you can write to the Court explaining why you disagree with these Settlements. | The deadline to object to the Settlements has passed. |
• 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”); and Panasonic Corporation, Panasonic
Corporation of North America, SANYO Electric Co., Ltd., 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: