Electronic Parts, Components, and Systems
A large antitrust case against makers of capacitors has so far resulted in settlements totaling $80.5 million. The complaint alleged that makers conspired to raise and fix the prices of capacitors over a period of more than ten years, thus violating antitrust laws and making customers pay more for capacitors than they should have.
Plantronics, Inc. is settling a class action about its BackBear FIT wireless sport headphones, which it has advertised as being sweatproof, waterproof, and able to provide as many as eight hours of listening time on a charge. The complaint alleged that these claims are not true and that the headphones are therefore not worth what customers paid for them.
This is one of a number of antitrust class actions against companies that make hard disk drive (HDD) suspension assemblies sold in the US. The complaint alleges that the companies conspired to eliminate competition, fix prices, and allocate markets and it brings suit on behalf of indirect purchasers of the products.
Hard disk drives (HDDs) use a component called an HDD suspension assembly. The complaint for this class action alleges that a long list of HDD suspension assembly makers and suppliers conspired to fix prices and allocate markets for those components. The defendants include NHK Spring Co. Ltd.; NHK International Corporation; NAT Peripheral (Hong Kong) Co., Ltd.; NAT Peripheral (Dong Guan) Co., Ltd.; NHK Spring (Thailand) Co., Ltd.; TDK Corporation; Magnecomp Precision Technology Public Co. Ltd.; SAE Magnetics (H.K.) LTD; Hutchinson Technology Inc.
Hard disk drive (HDD) suspension assemblies are components of hard disk assemblies. The complaint for this antitrust class action alleges that an international group of companies who makes these components entered into anticompetitive conspiracy to raise prices and allot market shares for their products. The complaint charges that the members include Headway Technologies, Inc., Hutchinson Technology Inc., Magnecomp Precision Technology Public Co. Ltd., NAT Peripheral (Dong Guan) Co., Ltd., NAT Peripheral (HK) Co., Ltd., NHK Spring Co. Ltd., NHK International Corporation, NHK Spring (Thailand) Co., Ltd., NHK Spring Precision (Guangzhou) Co, Ltd., SAE Magnetics (HK) Ltd., and TDK Corporation.