Close X
Monday, November 18, 2024
ADVT 
National

Class-action Lawsuit Seeks $480m For Price-fixing By Electronics Giants in BC

THE CANADIAN PRESS , 06 Oct, 2014 11:43 AM

    VANCOUVER - A class-action lawsuit has been filed in four provinces claiming that suppliers of the tiny electronic capacitors found in everything from cellular phones to kitchen stoves have been working together to inflate prices.

    The suit filed in Ontario, British Columbia, Saskatchewan and Quebec claims Samsung, Hitachi, Panasonic, Sanyo, TDK and others have colluded since at least 2005 inflating prices by as much as $480 million.

    Lawyer Tony Merchant says the electronic manufacturers acted as a cartel and the U.S. Justice Department is in the midst of a sweeping investigation into price-fixing by these companies.

    He says trillions of capacitors are used every year and the inflated costs are ultimately passed on to consumers.

    Merchant says both manufacturers who bought the capacitors for their products and consumers who paid for finished products have signed on to the lawsuit, but potentially every Canadian has been affected.

    A class-action lawsuit must be approved by a judge and the allegations in the claim have not been proven in court.

    MORE National ARTICLES

    Vancouver mother guilty of infanticide of two new born sons

    Vancouver mother guilty of infanticide of two new born sons
    Sarah Leung, 28, has been convicted of two counts of infanticide in the separate deaths of her two newborn sons.

    Vancouver mother guilty of infanticide of two new born sons

    Double dose of joy for Brampton couple who won 18.7 million lottery after having baby

    Double dose of joy for Brampton couple who won 18.7 million lottery after having baby
    Brampton residents, Jaspreet and Gurbhej Sran are on cloud nine. In merely three weeks, the couple's world has completely transformed from being new parents to also becoming millionaire.

    Double dose of joy for Brampton couple who won 18.7 million lottery after having baby

    Online services suspended by CRA

    Online services suspended by CRA
    Canada Revenue Agency shut down public access to its website in order to secure protection against the Heartbleed bug on Tuesday. 

    Online services suspended by CRA

    Ottawa: Gurpreet Ronald charged with 1st-degree murder of Jagtar Gill

    Ottawa: Gurpreet Ronald charged with 1st-degree murder of Jagtar Gill
    Gurpreet Ronald, 34, accused of killing Jagtar Gill, 43, in the latter's living room in January this year, was arrested and charged Tuesday, Ottawa Citizen reported Wednesday. 

    Ottawa: Gurpreet Ronald charged with 1st-degree murder of Jagtar Gill

    Canadian government orders Russian diplomat to depart

    Canadian government orders Russian diplomat to depart
    The Canadian government ordered Russian Diplomat Yury Bezler to depart for home on Monday, news sources reported. 

    Canadian government orders Russian diplomat to depart

    Liberals Secure Majority in Quebec elections

    Liberals Secure Majority in Quebec elections
    Philippe Couillard's Quebec Liberal party has come out victorious after winning a majority government in the provincial election. The party's victory simply translates into the defeat and resignation of Parti Québécois leader Pauline Marois.  

    Liberals Secure Majority in Quebec elections