Lithium ion battery antitrust class action settles

The final four manufacturers named as defendants in an antitrust class action involving lithium ion batteries have agreed to settle the remaining claims.

The batteries are widely used in laptop computers and other electronic devices. Panasonic, Toshiba, Hitachi, and NEC have agreed to pay $50 million to settle litigation by direct purchasers of lithium ion batteries. The lawsuits alleged that the companies colluded with other electronics manufacturers to fix battery prices for more than a decade

The settlements add to the $19 million deal that Sony Corp. agreed to pay direct purchasers last February.

Some of the lithium ion battery manufacturers have also settled with indirect purchasers – like consumers. Sony agreed to pay $19.5 million. Hitachi and NEC Corp. agreed to pay $3.45 million and $2.5 million, respectively, to settle the indirect purchasers’ claims. In December, LG Chem Ltd. agreed to pay $39 million in a deal with the indirect purchasers.

The MDL is entitled In re: Lithium-Ion Batteries Antitrust Litigation, case number 4:13-md-02420, in the U.S. District Court for the Northern District of California.

Steve Larson
An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve's clients value his creative approach to resolving complex litigation matters.


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