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Japan/Korea: Consumers take world’s largest battery makers to court

By  |  October 24, 2012

Consumers have filed claims against Japanese and Korean companies Panasonic, LG, Samsung, Sanyo and Hitachi – the world’s largest manufacturers of rechargeable lithium ion batteries – for allegedly taking part in a price-fixing scheme. The suit was also filed against the companies’ American subsidiaries. In an industry that is expected to exceed $16 billion this year, the plaintiffs claim that for more than a decade the companies have held 60 to 90s percent of the global market and participated in pricing behavior “inconsistent with a competitive market,’’ among other charges.

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