Proposed Settlement Reached in Canadian Linear Resistors Class Actions
Foreman & Company is pleased to announce that a national settlement has been reached with Panasonic Corporation, Panasonic Corporation of North America and Panasonic Canada Inc. (collectively “Panasonic”) in Canadian class actions concerning alleged price fixing of linear resistors. This is the first settlement to be reached in the actions. The actions continue against other defendants.
A “linear resistor” is an electronic component used to regulate the current in an electrical circuit. Linear resistors are found in electronics like computers, smartphones, gaming consoles, home appliances and televisions, among other products.
Panasonic has agreed to pay CAD $2,350,000 for the benefit of Settlement Class Members and to provide early co-operation, evidence and other assistance to the plaintiffs in pursuing their claims against the non-settling defendants. The settlement must be approved by the courts before it becomes effective.
For more detailed information and to review the long-form notice, please click here. Foreman & Company is working collaboratively with Siskinds LLP, Camp Fiorante Matthews Mogerman LLP and Belleau Lapointe, s.e.n.c.r.l. on this matter.
About Foreman & Company
Foreman & Company is a boutique plaintiff-side class actions law firm representing individuals and businesses who have suffered loss or injury due to misconduct on a widespread scale. Our award-winning team of litigators has been recognized by Lexpert, Chambers Global and Best Lawyers for their expertise and calibre of knowledge in class actions.