- Rechargeable Battery Manufacturers Charged with Inflating Prices
- December 3, 2012
- Law Firm: Lieff Cabraser Heimann Bernstein LLP - San Francisco Office
The production of lithiumion batteries is highly concentrated among a small number of manufacturers. These companies - Sony, Samsung, Sanyo Electric, Panasonic, Hitachi, LG Chemical, and others - allegedly operated a global cartel to artificially inflate the prices of rechargeable batteries. This had the effect of increasing the price of consumer electronics containing rechargeable batteries.
Our antitrust laws are designed to protect consumers and to promote competition among businesses. In many states, individual consumers may join to bring claims on behalf of all affected consumers for antitrust violations. A class action lawsuit can provide a powerful and effective means for consumers to compel a corporation to acknowledge its legal responsibilities and provide compensation to the class members.
If you purchased a rechargeable lithiumion battery by itself, or a laptop, mobile phone, digital camera, or other consumer product containing a rechargeable lithiumion battery, please visit our rechargeable batteries antitrust case page to learn more about your legal rights.