Panasonic Pays $6M To Exit Disk Drive Price-Fixing MDL

Law360, New York (September 24, 2013, 3:01 PM EDT) -- Panasonic Corp. will pay $5.75 million to settle with the direct purchaser class of plaintiffs in multidistrict litigation accusing the company of conspiring to fix the price of optical disk drives, according to a motion filed in California federal court Monday.

The direct purchaser class of plaintiffs asked U.S. District Judge Richard Seeborg for preliminary approval of the settlement agreement, in which Panasonic would pay $5.75 million in exchange for a complete release of all class members' antitrust and other claims against the company concerning the...
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