Japanese Hard Drive Cos. Hit With Price-Fixing Suit
Law360 (August 15, 2019, 4:24 PM EDT) -- NHK Spring Co., TDK Corp. and nine of their subsidiaries are facing a putative class action in California federal court over allegations that the manufacturers colluded for at least eight years to inflate the prices of external hard disk drives and other end products sold in the U.S.
The Japanese-based hard disk drive manufacturers and their subsidiaries, according to the suit filed Wednesday, inked unlawful agreements to fix and manipulate the prices of suspension assemblies — the part that holds the hard disk read/write head in place while the hard drive is rapidly spinning.
The lawsuit by California resident Brian A....
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