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Japan/South Korea: Battery price-fixing case proceeds

 |  October 6, 2014

A lawsuit accusing several major corporations from Japan and South Korea of manipulating the cost of lithium-ion batteries can proceed, a federal judge ruled.

The case, filed in California in 2013, accuses Samsung, Panasonic, Sanyo, Sony, Hitachi, Maxwell and other conglomerates of colluding to manipulate prices of a key component of lithium batteries. Reports say US District Judge Yvonne Rogers partially upheld the amended complaint to establish the case as a class action; California’s governmental class will proceed, but other proposed damages classes, including one for Montana, were dismissed.

The class for battery and battery product purchasers was upheld, say reports.

Full content: Courthouse News Service

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