March 07, 2023
A California federal judge on Monday awarded attorneys $66 million in fees for their work securing a $165 million settlement from Nippon Chemi-Con and its U.S. subsidiary in a price-fixing suit, finding the fee request to be "fair and reasonable" given the complexity of the litigation.
June 24, 2022
Attorneys for a class of direct purchasers of capacitors asked a California federal court Thursday to approve $66 million in fees as a part of a proposed settlement in which Nippon Chemi-Con and its U.S. subsidiary would pay $160 million to end antitrust claims.
December 15, 2021
Capacitor maker Nippon Chemi-Con and its U.S. subsidiary agreed to pay $160 million to end antitrust claims just before closing arguments in a California federal trial, class counsel said Wednesday.
December 14, 2021
Capacitor maker Nippon Chemi-Con and its U.S. subsidiary reached a settlement with direct purchasers Tuesday just ahead of closing arguments in a California federal antitrust trial in which 1,800 U.S. companies alleged they were overcharged $427 million in a decadelong global conspiracy to fix prices for the electronic part.
December 13, 2021
A California federal judge said Monday that he'll strike testimony by Nippon Chemi-Con's expert witness that damages for a decadelong capacitor price-fixing conspiracy don't exceed $66 million, saying that specific figure — far below plaintiffs' claimed $427 million in damages — doesn't appear in the expert's report.
December 09, 2021
Capacitor maker Nippon Chemi-Con's expert witness slammed the $427 million in estimated damages sought by a class of U.S. companies overcharged during a decadelong global conspiracy to fix capacitor prices, telling a California federal jury Thursday that she estimates the total overcharges to be just $66 million.
December 08, 2021
The ex-CEO of capacitor manufacturer Nippon Chemi-Con Corp. invoked his Fifth Amendment right in declining to answer questions about his involvement in a decadelong global conspiracy to fix capacitor prices, a California federal jury heard in a video deposition played Wednesday in a trial over claims U.S. companies overpaid $427 million for the devices.
December 07, 2021
A parade of industry insiders and an expert witness testified in a California federal antitrust trial Tuesday about the economic factors behind a decade-long global conspiracy to fix capacitor prices that U.S. direct purchasers claim led to $427 million in overcharges, telling jurors that the industry was under increasing pressure from rising costs and falling demand.
December 03, 2021
Matsuo Electric Co. Ltd. agreed to pay $5 million midway through a California federal antitrust trial to end claims that it participated in a decadelong global conspiracy to fix capacitor prices, causing direct purchasers to be overcharged by $427 million, the company announced Friday.
December 01, 2021
Matsuo Electric Co. Ltd. reached a settlement with direct purchasers of capacitors midway through a California federal antitrust trial Wednesday, leaving two capacitor manufacturers as defendants in a $427 million suit alleging a decadelong global conspiracy to fix prices for the electronic part.