Updated
April 27, 2023
Roughly $81 million in settlements resolved claims that capacitor makers fixed prices, with cash for U.S. indirect purchasers who bought capacitors between 2002 and 2014. The claim window has closed.
Settlement Summary
A class action lawsuit brought on behalf of indirect purchasers of electrolytic and film capacitors (“Capacitors”) is currently pending. Capacitors are electronic components that store electric charges between one or more pairs of conductors separated by an insulator. Settlements totaling approximately $81 million have been reached with various Defendants. The Court in charge of this case still has to decide on final approval of the Settlements. Payments will be made only (1) if the Court approves the Settlements and after any appeals are resolved, and (2) after the Court approves a Distribution Plan to distribute the Settlement Funds minus expenses and any Court-approved attorneys' fees to qualified Class Members.
Status
Claims Closed
Claim deadline passed in February 2023
Claim Deadline
February 2023 (Passed)
Settlement Fund
~$81,000,000
Indirect purchasers · pro rata cash
Proof Required
Yes
Claim required proof of purchase
Do I Qualify?
If you purchased capacitors made by certain manufacturers between April 1, 2002 and Feb. 28, 2014, or between January 1, 2002 and Feb. 28, 2014 and you live in one of the following states you may qualify. For a full list of states that qualify you can visit the official settlement website HERE.What Can I Get?
Currently, it is unknown how much each Class Member that submits a valid claim will receive. Payments will be based on a number of factors including the number of valid claims filed by all Class Members and the dollar value of each Class Member’s purchase(s) in proportion to the total claims filed. No matter how many claims are filed, no money will be returned to the Defendants once the Court finally approves the Settlements.Free settlement alerts
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