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In re Capacitors Antitrust Litigation (No.III)

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Case overview

Case Number:

3:17-md-02801

Court:

California Northern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Multi-district Litigation

Judge:

James Donato

Firms

Companies

Sectors & Industries:

  1. December 07, 2021

    Economic Pressures Drove Capacitor Price-Fixing, Jury Told

    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.

  2. December 03, 2021

    Matsuo Agrees To Midtrial Capacitor Antitrust Payout Of $5M

    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. 

  3. December 01, 2021

    Matsuo Cuts Midtrial Deal In $427M Capacitor Antitrust Row

    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.

  4. November 30, 2021

    Insider Testifies Capacitor Prices Fixed Over Drinks, Karaoke

    A California federal jury considering a $427 million price-fixing suit against three capacitor manufacturers heard testimony Tuesday about how workers would routinely meet for golf, karaoke and drinking after bi-annual industry meetings, schmoozing and sharing price information with competitors.

  5. November 29, 2021

    Capacitor Makers Owe $427M For Price-Fixing, Jury Told

    A California federal jury heard opening statements Monday in a sprawling antitrust suit by a certified class of about 1,800 companies alleging that three capacitor makers participated in a decadelong global conspiracy to fix prices on the electronic part, with counsel for the capacitor buyers arguing for $427 million in damages.  

  6. November 04, 2020

    Capacitor Buyers Lose 'End-Run' Class Certification Bid

    Indirect capacitor buyers can't go after the last two manufacturers they've targeted in sweeping multidistrict litigation over alleged price-fixing as a class, a California federal judge said Tuesday, excoriating the plaintiffs for trying to get around the previous nixing of their bid for a nationwide class.

  7. September 17, 2020

    Class Attys Seek $69M Slice Of Capacitor MDL Deals

    Counsel for a group of capacitor buyers who secured settlements worth over $232 million in sweeping multidistrict litigation over alleged price-fixing by manufacturers asked a California federal court on Wednesday to grant them over $78 million in attorneys fees and costs.

  8. March 27, 2020

    Cisco Objects As $63M Capacitor Deals Exclude Foreign Buys

    Tech conglomerate Cisco Systems Inc. said Thursday it will challenge the latest round of settlements that capacitor makers have struck to exit buyers' sweeping price-fixing litigation playing out in San Francisco federal court, as the deals bar purchasers from recouping damages over capacitors bought abroad.

  9. March 17, 2020

    AVX Inks $65M Deal Amid Capacitor Conspiracy Trial

    AVX Corp. announced Monday it has cut a $65 million deal to exit the sprawling capacitors antitrust litigation midtrial, further whittling the number of capacitor makers battling direct purchasers' price-fixing allegations before a California federal jury.

  10. March 03, 2020

    Sprawling Capacitor Price-Fix Conspiracy Laid Out For Jury

    A California jury trial heard opening arguments Tuesday in the sprawling capacitors antitrust litigation, in which direct purchasers of capacitors — a small part found in almost all electronics — say manufacturers that engaged in a global price-fixing conspiracy for over a decade owe them repayment of $427 million.