Panasonic, Samsung Accused Of 9-Year Price-Fixing Scheme

By Allissa Wickham (July 22, 2014, 7:26 PM EDT) -- Panasonic Corp. and a slew of other companies were hit with yet another class action in California federal court on Tuesday accusing them of conspiring to fix prices on a key component of electrical circuits over almost a decade.

Dependable Component Supply Corp., a Florida-based electronic parts supplier, claims that Panasonic, Samsung Electro-Mechanics America Inc. and almost 20 other companies and their affiliates colluded to restrain trade of aluminum and tantalum electrolytic capacitors from January 2005 to the present.

"Through their concerted actions, defendants created the market conditions that made it economically feasible for all cartel members to fix, raise, maintain...

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