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Optical Disc DrivesIn re Optical Disk Drive Antitrust Litigation
10-md-2143, U.S.D.C., Northern District of California March 2014
Settlements of nearly $32 million have been reached with defendant manufacturers of optical disc drives (drives that play CDs, DVDs or Blu-Ray discs) that are used in or with computers and other types of equipment conspired to fix prices for such drives. The complaint, alleging that defendants engaged in illegal price-fixing, was filed in federal district court in the Northern District of California. An amended complaint was filed in September of 2011 and in April of 2012, the Court denied the motions to dismiss that complaint. A motion for class certification is still pending.
A settlement was reached with LG and HLDS for $26 million. Final approval was granted on September 23, 2013. A settlement was also reached with Panasonic for $5.75 million; preliminary approval was granted on November 1, 2013 and a final approval hearing is set for April 3, 2014. More on these settlements can be found at http://www.odddirectpurchaserantitrustsettlement.com/
For more information, please contact attorney Michael P. Lehmann in our San Francisco office.
Practice Areas: Antitrust / Competition