Small Bearings

This action arises from a conspiracy to fix, raise, maintain, or stabilize prices of small sized bearings with an outside diameter of 26 millimetres or less (“Bearings”), used in electronic devices sold in Canada including British Columbia, and elsewhere. During the Class Period, the defendants and their senior executives participated in illegal and secretive meetings and made agreements relating to the prices for Bearings. The plaintiff and the Class Members suffered damages as a result.

Certification for Settlement

On November 8, 2018, the BC Court approved a motion to certify the within action as against MinebeaMitsumi Inc. (formerly Minebea Co. Ltd.), NMB Korea, NMB (USA) Inc., and NMB Technologies Corporation (“NMB”) for settlement purposes.

The NMB settlement agreement (the “NMB Agreement”) is subject to Court approval in Ontario, British Columbia and Quebec. Hearings to approve the NMB Agreement will be held as follows:

• Quebec: at the Montreal courthouse on January 22, 2019
• Ontario: at the Goderich courthouse on February 25, 2019
• British Columbia: at the Vancouver courthouse on March 7, 2019

Copies of the NMB Agreement, Short-Form and Long Form Notice (English and French) can be located under the “Important Documents” heading below.

Important Documents:

• Amended Notice of Civil Claim
• NMB Agreement
• Short Form Notice English
• Short Form Notice French
• Long Form Notice English
• Long Form Notice French

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

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