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Canada: Consumers fight for millions over electronics price-fixing

 |  October 6, 2014

A class action lawsuit has begun in Canada as plaintiffs claim Canada consumers are owed $480 million for electronics price-fixing.

According to reports, top electronics manufacturers including Samsung, Hitachi, Panasonic, Sanyo and oters are accused of colluding to manipulate prices of various products containing aluminum, film capacitors and tantalum. These materials, reports say, are found in everyday consumer electronics including smartphones and laptops.

The class action was filed in the Ontario Superior Court of Justice and the British Columbia Supreme Court on Monday; similar cases were filed with the Superior Court of Quebec and the Queen’s Bench of Saskatchewan.

The lawsuit alleges that the companies formed a price-fixing cartel that has artificially increased prices since at least January 1, 2005. Similar litigation is being pursued in the US and is currently under investigation by the US Department of Justice, reports say.

Full content: Newswire

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