Cisco, Aptiv Rip Proposed Deal In Capacitor MDL As 'Unfair'

Law360 (April 16, 2019, 8:23 PM EDT) -- Cisco Systems Inc. and Aptiv Services U.S. LLC urged a California federal court on Monday to reject a proposed settlement between direct purchasers of capacitors and Japanese manufacturers accused of price-fixing, calling the deal “unfair, unreasonable and inadequate.”

The Silicon Valley titan and the Ireland-based car parts maker are objecting to a deal negotiated by class counsel for direct purchasers of capacitors in the sprawling multidistrict litigation over alleged price-fixing by Hitachi Chemical Co. and Soshin Electric Co.

Cisco and Aptiv say the proposed settlement would block them from pursuing claims over purchases the companies made that involved incorporated capacitors —...

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