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.
Multiple electronics makers have agreed to settle with a class of direct purchasers in a class action pending in California federal court.
Today US District Judge Samuel Conti granted preliminary approval to indirect purchaser plaintiffs’ proposed settlement with defendants Philips, Panasonic, Hitachi, Toshiba, Samsung SDI, Thomson, and additional defendants, in the cathode ray price fixing case. Under the agreement, these defendants will pay a total of $576.8 million. Continue reading “US District Judge Samuel Conti grants preliminary approval of indirect purchaser settlement”
A number of electronics makers, including Philips Electronics North America Corp., Panasonic Corp., Samsung SDI Co. Ltd., Hitachi Ltd., Toshiba and others, have agreed to pay $528 million to settle class action claims that they fixed cathode ray tube (“CRTs”) prices.