On Tuesday a federal judge held off approving settlements by LG Chem, Hitachi Maxell and NEC in an antitrust class action accusing them of rigging prices of lithium ion batteries, calling the information given to her “pretty sparse.”
Under the settlements, LG Chem agreed to pay $39 million, Hitachi Maxell $3.45 million and NEC $2.5 million to indirect purchasers in the United States who bought laptops, camcorders or power tools containing a cylindrical lithium ion battery or a replacement battery made by the defendants between Jan. 1, 2000 and May 31, 2011.
US District Judge Yvonne Gonzalez Rogers said at the Tuesday hearing that she hadn’t been given enough information on how many claimants there would be or how much they would get.
Full Content: Courthouse News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Regulators Set to Clear Microsoft’s $13B OpenAI Investment
Apr 17, 2024 by
CPI
Biden Pledges to Block US Steel Acquisition by Japanese Firm
Apr 17, 2024 by
CPI
Canada Targets Tech Titans with New Digital Tax in 2024
Apr 17, 2024 by
CPI
EU Privacy Watchdog Calls for Meta to Offer Ad-Free Option
Apr 17, 2024 by
CPI
Japan’s Antitrust Overhaul Targets Tech Titans Like Apple
Apr 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI