Matsuo Cuts Midtrial Deal In $427M Capacitor Antitrust Row
By Hannah Albarazi (December 1, 2021, 5:22 PM EST) -- 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.
The deal, struck by Japan-based Matsuo and a class of about 1,800 U.S.-based direct capacitor purchasers, came less than three days into a jury trial over claims that nearly two dozen manufacturers carried out a global price-fixing conspiracy from 2002 to 2014 and owe refunds of $427 million.
The two remaining defendants in the case are Japan-based Nippon...
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