Facing class action lawsuits for allegedly setting prices for electrical components found in televisions, computers, cellphones, home appliances or game consoles, Panasonic agreed to pay $ 2.35 million to settle the problem. litigation.
The company was suspected of manipulating prices upward for “linear resistors,” an electrical component that is used to control and limit current in an electrical circuit.
“Option consommateurs is delighted with the occurrence of this settlement in the context of Canadian class actions concerning the alleged pricing of linear resistors. In addition to providing compensation to consumers, collective actions also contribute to modifying the behavior of defendants, two objectives of collective action which are also at the heart of the mission of our organization ”, stated Me Elise Thériault, lawyer of ‘Option consommateurs by press release Monday.
The class action was filed in 2015 by Option consommateurs which alleged that Panasonic had conspired to inflate the price of these electrical components from 2003 to 2015.
This company is the first of a dozen targeted by this class action to reach a settlement agreement. This agreement must be ratified by the Superior Court of Quebec, the Superior Court of Ontario and the Supreme Court of British Columbia before moving forward.
Eventually, consumers who have purchased an item containing linear resistors during the periods mentioned in the lawsuit will have the possibility of obtaining compensation.
Other companies singled out in this class action include KOA, Rohm, Kamaya and Midori.
These were the details of the news Panasonic agrees to pay $ 2.35 million for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.