Claim Form Deadline: Pending
Payout: Varies
Proof Required: Likely
What is the Film Capacitor Class Action Settlement?
This class action lawsuit alleges that multiple companies participated in an illegal price-fixing conspiracy for film capacitors in Canada between 2002 and 2014.
The lawsuit claims that companies selling aluminum or tantalum electrolytic capacitors and film capacitors were involved in unlawful practices to fix, maintain, or raise the prices of these products. The class action covers purchases made between September 1, 1997, and December 31, 2014, for electrolytic capacitors, and between January 1, 2002, and December 31, 2014, for film capacitors.
Electrolytic capacitors are large energy storage devices used in applications like power supplies and amplifiers. They store significant amounts of energy and work when connected in the correct direction.
Film capacitors are used in consumer products such as smartphones, computers, radios, and TV circuits, where stability and precision are crucial. Although they store less energy than electrolytic capacitors, they are better for high-frequency tasks and can be connected in either direction.
Summary:
- Electrolytic Capacitors: Large storage, low-frequency, power applications (e.g., power supply).
- Film Capacitors: Stable, precise, high-frequency applications (e.g., radios).
What is the Total Settlement Amount?
The total settlement includes the following:
- CAD $1,175,000 from Matsuo for Electrolytic Settlement Class Members and CAD $25,000 for Film Settlement Class Members.
- CAD $7,300,000 from Rubycon for Electrolytic Settlement Class Members and CAD $200,000 for Film Settlement Class Members.
- CAD $225,000 from Shizuki for Film Settlement Class Members.
Previous settlements in the electrolytic capacitor case total CAD $54,280,000, and for the film capacitors case, the total is CAD $3,167,000.
How Do I Qualify For a Payout?
You may qualify if you are a Canadian resident who purchased film capacitors or products containing them between January 1, 2002, and December 31, 2014.
How Much Can I Get Paid?
The exact payout amount is not yet specified. The settlement funds are currently held in trust, and a distribution plan will be developed. Updates will be provided on this ongoing class action settlement.
How Do I File a Claim?
At this time, no claims process is open. Class members will be notified when the claims process is available, or you can return to this page for future updates when a claim form is provided.
Do I Need Proof to File a Claim?
While there is no claim form available yet, it is likely that proof of purchase or other documentation will be required once the claims process is established.
Claim Form Website: [Film Capacitors Settlement Site]
