Lithium Ion Batteries Settlement
Lithium Ion Batteries Antitrust Litigation Indirect Purchaser - Case No. 13-MD-02420 YGR (DMR)
Settlement Fund: $64,450,000
Settlement Period: January 1, 2000 – May 31, 2011
Claim Filing Deadline: November 29, 2017
The Settlement arose from lawsuits alleging that Defendants colluded to fix, raise, maintain or stabilize prices on lithium ion batteries, which resulted in overcharges to indirect purchasers of products containing the batteries.
Eligible Class Members include persons and entities that, from January 1, 2000, through May 31, 2011, indirectly purchased Lithium Ion Batteries (“Li-Ion Batteries”) and/or Lithium Ion Battery Products (“Li-Ion Products”) in the United States for their own use and not for resale from one or more of the Defendants in this lawsuit. “Indirectly” means the product was purchased from someone other than the manufacturer, such as a retail store.
Eligible purchases include portable computers (laptops, notebook and tablet computers, cellular phones, and smartphones, etc.), camcorders, power tools, as well as replacement batteries for each of these products.
Excluded from the Class are any federal, state, or local governmental entities, any judicial officers presiding over this action, members of their immediate families and judicial staffs, and any juror assigned to this action, but included are all non-federal and non-state governmental entities in California.
Settlements involving four of the nine Defendants have been reached.
- The claim filing deadline for the four Defendants who have settled thus far has been moved to November 29, 2017 and the associated funds total $64.45 million.
- Negotiations for a settlement with the remaining Defendants are being pursued, and the settlement fund is expected to grow.
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