Electronics Giants Agree To Settle Battery MDL For $43.5M

By RJ Vogt (August 16, 2018, 8:52 PM EDT) -- Indirect purchasers who allege a slew of battery makers engaged in price-fixing lithium ion batteries told a California federal court on Wednesday that Samsung SDI Co. Ltd., NEC Tokin Corp. and Toshiba Corp. have agreed to settle their multidistrict litigation claims for a total of $43.5 million.

The announced settlement came on the same day that other battery makers Panasonic Corp. and Sanyo Electric Co. asked U.S. District Judge Yvonne Gonzalez Rogers to let them out of the case, claiming the individual consumers couldn't back up their claims about how and where the batteries were sold or whether anyone was forced...

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