Hitachi, Purchasers Strike $14M Deal In Antitrust Suit

Law360, Los Angeles (September 12, 2017, 9:52 PM EDT) -- Hitachi Chemical Co. has agreed to pay two putative classes of indirect purchasers $14 million to end their accusations the manufacturer schemed with competitors to jack up the price of capacitors, according to a proposed settlement filed Friday in California federal court.

The bulk of the settlement, $13.4 million, would go to a proposed class of buyers of electrolytic capacitors — an essential part of DVD players, computers, car engines and air bag systems — manufactured by Hitachi or one of its alleged co-conspirators from a...
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