These proposed class actions allege the defendants and their senior executives participated in illegal and secret meetings and made agreements to fix the prices Film and Electrolytic Capacitors sold in Canada, including British Columbia, and elsewhere. Copies of the notices of civil claim and their amendments can be viewed below. Proposed class actions have also been commenced in Ontario and Quebec.
On December 15, 2021, the BC Supreme Court certified the Electrolytic Capacitors action for settlement purposes against ELNA Co., Ltd. and ELNA America, Inc. (collectively “ELNA” and the “ELNA Settlement Agreement”) and Holy Stone Enterprise Co., Ltd., Vishay Polytech Co., Ltd. f/k/a Holystone Polytech Co., Ltd., Milestone Global Technology, Inc. d/b/a Holystone International, Holy Stone Holdings Co., Ltd., and Vishay Intertechnology, Inc. (collectively “Holy Stone” and the “Panasonic Settlement Agreement”) (collectively the “Settlement Agreements”).
On December 15, 2021, the BC Supreme Court also recognized that while ELNA is not named in the Film Capacitors action, the national opt-out period provided for on July 12, 2018 was sufficient and effective for all Persons in British Columbia who purchased a Film Capacitor or a product containing a Film Capacitor during the Film Class Period.
The Settlement Agreements are subject to court approval in Ontario, British Columbia and Quebec. Hearings to approve the Settlement Agreements will be held as follows:
For details of the Settlement Agreements, please see the Long Form Notice (English and French) located under the “Important Documents” heading.
Capacitors Class Actions - View
Capacitors Class Action – New Settlement - View
Capacitors Class Action - View