Direct Buyers (“DPPs”) submitted to the court an application for interim authorization of the class action of the transaction with the defendant Hitachi Chemical and Soshin. The comparisons create a cash fund of $66,900,000 for the settlement class: $63,000,000 for Hitachi Chemical and $3,900,000 for Soshin. In addition, each of the defendants agreed to cooperate with the DPP to pursue their pricing claims against the unhinged defendants. This proposal by data protection delegates follows substantially similar procedures for the notification of the comparison class and adopts the same allocation formula for the allocation of compensation funds, as the Court approved on an interim basis and finally for the first round of transactions carried out by data protection delegates with the fujitsu Limited defendants; NEC TOKIN Corporation and NEC TOKIN America, Inc. Nitsuko Electronics Corporation; Okaya Electric Industries Co., Ltd. and Okaya Electric America, Inc. and ROHM Co., Ltd. and ROHM Semiconductor USA, Inc. DPPs request that the court grant interim approval of the transaction agreements, certify the reference class and approve the proposed termination plan for the comparison class. WASHINGTON, Feb.
8 (Reuters) – Matsuo Electric Co Ltd and an executive have agreed to plead guilty, set prices and manipulate offers of electrolysis capacitors. that regulate electricity in a wide range of electronics, said the U.S. Department of Justice Wednesday. A first settlement phase totalling $32.6 million in cash and secure arrangements were reached against the defendants: Fujitsu Limited; NEC TOKIN Corporation and NEC TOKIN America, Inc. Nitsuko Electronics Corporation; Okaya Electric Industries Co., Ltd. and Okaya Electric America, Inc. and ROHM Co., Ltd. and ROHM Semiconductor USA, Inc.
resolution funds were fully distributed. Rubycon Corporation, Elna Co., Ltd. and Holy Stone Holdings Co., Ltd. will plead guilty to their role in a pricing conspiracy for electrolytic capacitors sold to customers in the United States and elsewhere, as announced today by the Department of Justice. WASHINGTON, Aug 22 (Reuters) – Rubycon Corp, Elna Co Ltd and Holy Stone Holdings Co, Ltd. have agreed to plead guilty to accounting for the prices of electrolytic capacitors sold in the United States, as announced by the Justice Department on Monday. The survey also revealed that, between at least 2005 and January 2014, companies met several times in Japan and other countries to exchange sensitive business information, including prices, quantity, capacity and negotiating conditions, in order to reach agreements. There were two previous admissions of guilt in the investigation. NEC TOKIN Corp.
was fined $13.8 million in January 2016 and Hitachi Chemical was fined $3.8 million in June 2016. Only one person has been charged.