June 12, 2023
A California federal judge on Friday ordered Nippon Chemi-Con Corp. to pay electronics giant Avnet $151 million, in the wake of a May jury verdict finding that the Japanese capacitor manufacturer and its American subsidiary conspired in a broad scheme to set prices for capacitors sold in the U.S.
May 22, 2023
A California federal jury ordered Nippon Chemi-Con Corp. to pay electronics giant Avnet $89.2 million for antitrust violations, finding Monday that the Japanese capacitor manufacturer and its American subsidiary conspired in a broad scheme to set prices for aluminum and tantalum capacitors sold in the U.S.
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.
November 09, 2022
Electronics company Avnet came to a settlement in principle with some of the manufacturers accused of a capacitor price-fixing scheme just two weeks after the company announced it was seeking $274 million in its pretrial brief.
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.