Lithium Ion Rechargeable Batteries

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.

New Settlement

An additional settlement has been reached with Panasonic Corporation, Panasonic Corporation of North America, Panasonic Canada Inc., and Sanyo Electric Co., Ltd. (collectively, “Panasonic”) for USD $6,295,00

The Panasonic settlement is subject to court approval in Ontario and Quebec. On these dates, Class Counsel will also be asking the courts to approve a proposed distribution protocol which can be viewed under the “Important Documents” heading below.

• in the Ontario court in the city of Toronto on January 15, 2021, 10:00 a.m.

If you would like to attend the hearings, please contact Ontario counsel for additional details:

Sotos LLP can be reached at:
Telephone: 416-977-0007
Email: [email protected]

• in the Quebec court in the city of Montreal on January 26, 2021, 10:00a.m.

Join via Microsoft Teams – telephone conference
+1 581-319-2194 Canada, Quebec (Tolled Number)
(833) 450-17 41 Canada (Toll Free)
Conference ID: #782 120 282

Join via Microsoft Teams – video conference
[email protected]
VTC conference ID: 1133951050

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.

Previous Settlements

• NEC Corporation and NEC Tokin Corporation (“NEC”) for CDN $50,000;
• Samsung SDI Co., Ltd. and Samsung SDI America, Inc. (“Samsung”) for USD $2,200,000 (converted to approximately CDN $2,778,600);
• Sony Corporation, Sony Energy Devices Corporation, Sony Electronics, Inc. and Sony of Canada Ltd. (“Sony”) for CDN $4,500,000.
• LG Chem, Ltd. and LG Chem America, Inc. (“LG Chem”) for USD $3,900,000 (converted to approximately CDN $5,100,000);
• Toshiba Corporation, Toshiba America Electronic Components, Inc. and Toshiba of Canada Limited (“Toshiba”) for CDN $264,759.67; and
• Maxwell Holdings, Ltd. (formerly Hitachi Maxwell Ltd.) and Maxwell Corporation of America (“Maxwell”) for USD $300,000 (converted to approximately CDN $390,000).

Important Documents:

• LG Chem Settlement Agreement
• Toshiba Settlement Agreement
• NEC Settlement Agreement
• Samsung Settlement Agreement
• Sony Settlement Agreement
• Maxwell Settlement Agreement
• Panasonic Settlement Agreement
• Distribution Protocol (English) (French)
• Notice of Settlement Approval Hearing (English) (French)

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

Lithium Ion Rechargeable Batteries - Status Updates:

Lithium Batteries – New Settlement - View

Lithium Ion Batteries Class Action - View

Lithium Ion Rechargeable Batteries Settlements - View