Panasonic agrees to pay $ 2.35 million

Panasonic agrees to pay $ 2.35 million
Panasonic agrees to pay $ 2.35 million

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.

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