A Further Settlement, Totaling $21.3 million, Reached in Canadian Electrolytic and Film Capacitors Class Actions

Foreman & Company is pleased to announce that a further proposed national settlement totaling CAD $21,300,000 has been reached in Canadian class actions concerning alleged price fixing of electrolytic and film capacitors. This is the ninth settlement reached to date in the electrolytic capacitors class action and the eighth settlement reached to date in the film capacitors class action.

An "electrolytic capacitor" and a "film capacitor" are two types of electronic components used in an electrical circuit to store a charge. They are found in smartphones, game consoles, home appliances and televisions, among other electronic products.

Pursuant to the proposed settlement, NCC/UCC (the “Settling Defendant”) has agreed to pay CAD $20,900,000 for the benefit of electrolytic settlement class members and has also agreed to pay CAD $400,000 for the benefit of film settlement class members.

In addition, the Settling Defendant has agreed to provide cooperation to the plaintiffs in pursuing their claims against the non-settling defendants. The settlement is not an admission of liability, fault, or wrongdoing, but is a compromise of disputed claims. The settlement must be approved by the courts before it becomes effective.

To be a member of these class actions, you must have purchased an aluminum and tantalum electrolytic capacitor or a product containing an aluminum and tantalum electrolytic capacitor between September 1, 1997 and December 31, 2014 or have purchased a film capacitor or a product containing a film capacitor between January 1, 2002 and December 31, 2014.

For more detailed information and to review the long-form notice, please click here.

Foreman & Company is working collaboratively with Camp Fiorante Matthews Mogerman LLP and Belleau Lapointe, s.e.n.c.r.l. on these matters.