$232M Capacitor Price-Fixing Deal Gets First Nod

Law360 (July 14, 2020, 5:41 PM EDT) -- A proposed $232 million deal between AVX, Panasonic and other electronic component manufacturers and a class of direct capacitor buyers has cleared the first hurdle in California federal court toward resolving price-fixing allegations.

U.S. District Judge James Donato granted preliminary approval of the settlement agreement and instructed the class — consisting of those who purchased capacitors directly from any of the defendants or their subsidiaries between January 2002 and December 2013 — to file their motion for final approval and attorney fees by July 24, according to an order on Friday.

A final approval hearing is set for Sept. 17....

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