This proposed class action alleges that Defendants and their senior executives participated in illegal and secretive meetings and made agreements to fix, maintain, increase, and control the price for the supply of Lithium Ion Rechargeable Batteries and/or enhance unreasonably the prices of Lithium Ion Rechargeable Batteries and to lessen unduly competition in the sale of Lithium Ion Rechargeable Batteries in Canada and elsewhere.
The action seeks to recover the overcharge that class members paid for Lithium Ion Rechargeable Batteries during the period of January 1, 2002 to January 1, 2012.
Additional settlements have been reached with the following defendants totaling over $5 million:
The LG Chem settlement is subject to court approval in both Ontario and Quebec. The Toshiba settlement is subject to court approval of Ontario court only. Hearings to approve the settlement agreements will be held as follows:
The settlement funds (plus interest, less court-approved fees and expenses) are being held in trust for the benefit of settlement class members. At a later date, the courts will be asked to approve a method of distributing the settlement funds to settlement class members.
For more information please contact Sharon Wong, Paralegal at (604) 689-7555 or by email at [email protected].
Lithium Ion Rechargeable Batteries Settlements - View