Two more defendants settle in optical disk drive antitrust case

Electronics companies Pioneer and Philips (“PLDS”) will pay a combined $50.5 million in another settlement with consumers in a class action alleging an industry-wide price-fixing scheme over optical disk drives.

PLDS will pay $40 million and Pioneer Corp. will pay $10.5 million. Optical disk drives, which are used to read or write data on CDs, DVDs and Blu-ray disks and can be found in computers, video game consoles and other devices.

This settlement brings total recovery for the indirect purchasers so far to around $175 million. Settlements with Panasonic, NEC Corp., Sony and Hitachi LG have already been approved by U.S. District Judge Richard Seeborg.

Stoll Berne represents the Oregon plaintiff in this case, In re Optical Disk Drive Litigation, U.S. District Court for the Northern District Of California, Case No. 3:10-md-02143-RS.

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.


Share on facebook
Share on twitter
Share on google
Share on linkedin

Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.