Capacitors

Case Name:

Ramsay v. Panasonic Corporation et al.

Court:

Supreme Court of British Columbia

Date Filed:

August 14, 2014

Class Members:

All resident in British Columbia, who, during the period commencing as early as January 1, 2005 and continuing through to the present purchased aluminum and tantalum electrolytic capacitors ("Electrolytic Capacitors").

Co-counsel:

Belleau Lapointe and Harrison Pensa

Case Name:

Ramsay v. Okaya Electric Industries Co., Ltd. et al

Court:

Supreme Court of British Columbia

Date Filed:

July 22, 2015

Class Members:

All resident in British Columbia, who, during the period commencing as early as January 1, 2002 to December 31, 2014 purchased film capacitors ("Film Capacitors").

Co-counsel:

Belleau Lapointe and Harrison Pensa

VIEW STATUS UPDATES

This proposed class action alleges that the defendants and their senior executives participated in illegal and secret meetings and made agreements to fix the prices for Electrolytic Capacitors and Film 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.

Settlement Approval

On July 12, 2018, the BC Court has certified the Electrolytic Capacitors and Film Capacitors actions for settlement purposes against three groups of defendants:

TOKIN Corporation.and TOKIN America Inc. formerly known as NEC TOKIN Corporation and NEC TOKIN America Inc. (“TOKIN”);
Okaya Electric industries Co., Ltd. and Okaya Electric America Inc. (“Okaya”); and
Nitsuko Electronics Corporation (“Nitsuko”).

The TOKIN, Okaya and Nitsuko settlements (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:

Ontario: at the London courthouse on November 5, 2018 at 10:00 a.m.
British Columbia: at the Vancouver courthouse on November 30, 2018 at 9:00 a.m.
Quebec: at the Montreal courthouse on December 3, 2018 at 9:30 a.m.

For details of the Settlement Agreements and settlement hearings, please see the Long Form Notice (English and French) and the Opt-Out Form (English and French) located under the “Important Documents” heading.

For more information please contact Sharon Wong, Paralegal by email or at (604) 689-7555.