A PYMNTS Company

Japan/South Korea: Battery price-fixing case proceeds

By  |  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

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.