Panasonic, Sanyo reach tentative settlement over lithium ion batteries with indirect purchasers
( November 21, 2018, 00:06 GMT | Official Statement) -- MLex Summary: Panasonic and Sanyo and a group of indirect purchasers of lithium ion batteries "recently reached a settlement in principle," in long-running price-fixing litigation, according to a court document filed Tuesday. The indirect purchasers lost their bid for class certification, but were still planning to litigate their claims on an individual basis. Terms of the settlement are expected Dec. 21, according to the court filing. Panasonic and Sanyo were the last remaining defendants to settle with the indirect purchasers. Direct purchasers had earlier settled their cases.See document attachment....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.