Proposed Settlements Reached in Canadian Linear Resistors Class Actions

Foreman & Company is pleased to announce that two national settlements have been reached in Canadian class actions concerning alleged price fixing of linear resistors.

Settlements have been reached with Rohm Co. Ltd. and Rohm Semiconductor U.S.A., LLC (collectively, “ROHM”’) and with Hokuriku Electric Industry Co. and HDK America Inc. (collectively “HDK”). These are the third and fourth settlements to be reached in the actions.

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.

ROHM has agreed to pay CAD $1,550,000 for the benefit of Settlement Class Members and to provide early cooperation, evidence and other assistance to the plaintiffs in pursuing their claims against the non-settling defendants.

HDK has agreed to pay CAD $910,750 for the benefit of Settlement Class Members and to provide early cooperation, evidence and other assistance to the plaintiffs in pursuing their claims against the non-settling defendants.

The payments under the settlements with ROHM and HDK total CAD $2,460,750. These settlements must be approved by the Courts before they become effective.

“We are pleased to have reached further settlements in this case. In addition to the monetary recovery, these settlements will provide further evidence and cooperation to assist the plaintiffs in the conduct of the case against the remaining defendants.”

— Jonathan Foreman, Founder and Partner at Foreman & Company 

Two prior settlements, totalling CAD $3,120,000, were reached with the Panasonic and Kamaya defendant groups. These settlements were approved by previous orders of the Courts.

For more detailed information and to review the long-form notice, please visit our linear resistors dedicated webpage. 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.