Santa Clara, CA: A $19.5 million settlement has been reached in an antitrust class action lawsuit pending against Sony Corporation, Sony Energy Devices Corporation, and Sony Electronics Inc. ("Settling Defendants") resolving claims that they allegedly fixed the price of Lithium Ion Battery Cells.
This may have caused individuals and businesses to pay more for Lithium Ion Batteries and Lithium Ion Battery Products. Lithium Ion Battery Products include, but are not limited to, laptop computers, notebook computers, netbook computers, tablet computers, mobile phones, digital cameras, camcorders, and power tools.
Sony Corporation, Sony Energy Devices Corporation, and Sony Electronics Inc. ("Settling Defendants") resolving claims that they allegedly fixed the price of Lithium Ion Battery Cells. This may have caused individuals and businesses to pay more for Lithium Ion Batteries and Lithium Ion Battery Products. Lithium Ion Battery Products include, but are not limited to, laptop computers, notebook computers, netbook computers, tablet computers, mobile phones, digital cameras, camcorders, and power tools.
The Settlement provides for the payment of $19,500,000 in cash to the Class. Sony has also agreed to cooperate in the pursuit of claims against other defendants.
Money will not be distributed to the Class at this time. The lawyers for the Class will pursue the lawsuit against the other Defendants to see if any future settlements or judgments can be obtained in the case and then be distributed together, on a pro rata basis, based on the value of your Lithium Ion Battery and/or Lithium Ion Battery Product purchases, to reduce expenses.
Even if you do nothing, you will be bound by the Court's decisions concerning this Settlement. If you want to keep your right to sue the Settling Defendants regarding Lithium Ion Battery and/or Lithium Ion Battery Product purchases, you must exclude yourself in writing from the Class by September 22, 2016. If you stay in the Class, you may object in writing to the Settlement by September 22, 2016.
