Proposed settlement reached in Canadian electrolytic and film capacitors class actions
By Foreman & CompanyElectronics capacitors Class-action electrolytic film law legal
Sponsored by Foreman & Company
Proposed settlements have been reached with the ELNA and Holy Stone groups of defendants in Canadian class actions concerning alleged price-fixing of electrolytic and film capacitors. ELNA and Holy Stone are the fifth and sixth defendants to enter into settlements in the class actions. The class actions continue against the remaining non-settling defendants.
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.
Settlements must be approved by the courts
ELNA and Holy Stone have separately agreed to pay CAD $2.475M and CAD $790,000 respectively for the benefit of electrolytic settlement class members and CAD $25,000 and CAD $10,000 respectively for the benefit of film settlement class members. The proposed settlements total a combined CAD $3.3M for the benefit of settlement class members and provide early co-operation, evidence and other assistance to the plaintiffs in pursuing their claims against the non-settling defendants. The settlements must be approved by the courts before they become effective.
If you do not oppose the proposed settlement agreements, you do not need to do anything at this time. If you wish to comment on or object to the settlement agreements or lawyer’s fees, you must deliver a written submission to one of the law firms listed below by March 14, 2022. The lawyers will forward any submissions to the appropriate court.
“Our team is pleased to have secured another settlement recovery for the classes we represent in this litigation. We are also pleased to have negotiated the right to further evidence and cooperation from the settling defendants to enhance the prosecution of the claims against the remaining defendants,” says Jonathan Foreman, founder and partner at Foreman & Company.
If you have any questions about the Class Actions or to review the long form notice which contains additional information please visit www.capacitorclassaction.ca or contact:
Foreman & Company: Toll free at 1-855-814-4575 ext.106 or e-mail at firstname.lastname@example.org (Canada, excluding BC & QC)
Camp Fiorante Matthews Mogerman LLP: Toll free at 1-800-689-2322 or e-mail at email@example.com (BC)
Belleau Lapointe s.e.n.c.r.l.: Toll free at 1-888-987-6701 or e-mail at firstname.lastname@example.org (QC)