Capacitor Class Action Lawsuit

Discussion in 'DIY' started by LBPete, Apr 8, 2017.

  1. LBPete

    LBPete Rolling Along Subscriber

    Messages:
    10,127
    Location:
    Long Beach, CA
    Did anyone else get a post card from Capacitors Indirect Settlement? "Legal Notice, If you bought an electrolytic or film capacitors directly from certain distributors since 2002 you could get money from settlements totally approximately $15 million."

    From what's on the internet a fairly large group of capacitor manufacturers including Panasonic and Nippon Chemi-con, engaged in price fixing and got caught.

    A lot of us have bought electrolytic and film capacitors since 2002. Typically Class Action Lawsuits make a lot more money for the lawyers involved than the class members but it might be worth checking out. The information on this postcard is a little vague and in tiny print but it does refer you to a website: http://www.capacitorsindirectcase.com/

    - Pete
     
  2. Lavane

    Lavane AK Subscriber Subscriber

    Messages:
    4,607
    Location:
    northern cal.
    Yup, got one yesterday. A while back I got one for memory chips. Having worked in computer repair I made out pretty good on that one.
     
  3. w1jim

    w1jim I can fix it but good... Subscriber

    Messages:
    7,090
    Location:
    Boston western 'burbs
    I got three of those post cards last week. I buy most of mine from Mouser so I could probably find the receipts in my old emails or their web site.
    Hummmmm
     
  4. Lavane

    Lavane AK Subscriber Subscriber

    Messages:
    4,607
    Location:
    northern cal.
    It twkes awhile, but these class action lawsuits do pay off. Remember the Levi lawsuit?
     
  5. avionic

    avionic " Black Knights" Subscriber

    Messages:
    33,058
    Location:
    Fort Dodge, Iowa cornfield
    Yes . I got two of them in the mail today.
     
  6. Blue Shadow

    Blue Shadow I gotta get me a new title

    Messages:
    16,471
    Location:
    SE PA
    I knew this would be a topic of discussion when I got mine early in the week.

    Does seem to be some price fixing when I gotta go 15 cents for a cap.
     
  7. kaplang

    kaplang Works for me ! Subscriber

    Messages:
    2,584
    Location:
    34.0500° N, 118.2500° W
    Yes I got the post card yesterday. The class action if it survives will probably bring me about $1.83. That's better then the 1 cent check I got from Wells Fargo bank for the interest on a savings account I closed. I told them to keep it but they couldn't.
     
    slimecity likes this.
  8. ghazzer

    ghazzer Sansui addict Subscriber

    Messages:
    2,514
    Location:
    Sykesville, MD
    There should be a limit (1??) to the number of class action lawsuits any one lawyer can participate in.

    I got a post card, as did my wife, so they are clearly sending out a bunch of cards. I wonder if the cost of the mailings comes out of the lawyer's pot.
     
    Cosmicmes likes this.
  9. Moving Ahead

    Moving Ahead Active Member

    Messages:
    243
    Location:
    Australia
    I can see this as another excuse to charge you more and give you less.
    Lairs: I mean lawyers are the winners here.
     
  10. LBPete

    LBPete Rolling Along Subscriber

    Messages:
    10,127
    Location:
    Long Beach, CA
    There are now banner ads on AK advertising this issue and directing folks to the capacitor class action website.

    - Pete
     
  11. toxcrusadr

    toxcrusadr AK Subscriber Subscriber

    Messages:
    26,621
    Location:
    Central Missouri
    From the title I thought this was going to be about failing flatscreen TVs. :D
     
  12. kaplang

    kaplang Works for me ! Subscriber

    Messages:
    2,584
    Location:
    34.0500° N, 118.2500° W

    EE16502D-C1A7-42BA-867B-16A559757D32-248-000000183C57A9A6.jpeg
     
  13. KKnight

    KKnight Active Member

    Messages:
    302
    Sure, the lawyers always truly win vs the consumer in any class action lawsuit. But it will be interesting to know, if possible, what AKers actually get $$ amount when all is said and done. Especially for as much as Mouser and Digikey has been mentioned and used over the decades. I for one want every damn cent from Nichicon, Elna, Panasonic, United Chem Con and every one of the companies for the lytics and others I have 'overpaid' for in the past three decades alone.

    When I first stared getting notices months ago, couldn't determine if you are automatically included as a plaintiff merely being a Mouser/Digikey consumer. Seems you are but the liability and audit trail lies within what purchase records Mouser/Digikey would keep, OR what shady under-the-table verbal agreements Mouser/Digikey had or has with the manufactures to only keep purchase histories and buying records for a short period of time to keep the liability and $$ payout amounts to the consumers as small as possible. Believe me, Mouser/Digikey, and a lot more have DIRECT personal connections to all the capacitor manufacturers and knew about possible 'leaks' from within each company decades ago also, and already had battle plans in place when/if any interested legal or consumer groups and country gathered enough data and had the balls to start a class action lawsuit(s) for price fixing.

    Also, would be interesting to know what finally got "certain" attorneys to finally bring the class action lawsuit and what took them so long when the hidden price fixing plan was effect for so long already. These higher echelon attorneys, consumer groups, etc are NOT members of AK or members of other regular interest forums.
     
  14. Cosmicmes

    Cosmicmes Member

    Messages:
    70

    Price fixing, how rich! Just go and buy a concert ticket or ballgame. Or sneak something to eat or drink. Gas, groceries, milk, produce, meat, fish....... Ttl joke......
     
  15. c.coyle

    c.coyle Fighting the Dunning-Kruger Effect Subscriber

    Messages:
    2,266
    Location:
    40.33512, -76.424687
    Full disclosure: I'm a lawyer, but don't do class actions.

    As I pointed out on the other thread on this topic, a class action suit such as this one is intended to deter manufacturers from price fixing, and that benefits consumers. Conspiring to keep capacitor prices artificially high means that we consumers pay more for anything we buy that has capacitors. Cars, TVs, computers, almost any consumer item that runs on electricity.

    Price fixing is against the law. You can't rely on companies to self-police. You can't rely on the government to prosecute price fixers. Maybe you can come up with some other way to accomplish this.
     
    Cosmicmes likes this.
  16. Cosmicmes

    Cosmicmes Member

    Messages:
    70
    Yes, but I played an "Agent" on television. Seriously though, I totally understand. And I know that in most of these cases, the fines come straight from Mario Puzo Always "take the canola".
     
  17. c.coyle

    c.coyle Fighting the Dunning-Kruger Effect Subscriber

    Messages:
    2,266
    Location:
    40.33512, -76.424687
    Leave the canola, take the cannoli.
     
    Cosmicmes likes this.
  18. Cosmicmes

    Cosmicmes Member

    Messages:
    70
    Omg. Gotta find the family cyanide jar. No excuse, but the Kindle fire that I typed "canola", auto corrected the "word". I have shamed my Family with my sloppiness. Indeed!
     
  19. LBPete

    LBPete Rolling Along Subscriber

    Messages:
    10,127
    Location:
    Long Beach, CA
    Leave the gun, take the cannolis.

     
    Cosmicmes likes this.
  20. LBPete

    LBPete Rolling Along Subscriber

    Messages:
    10,127
    Location:
    Long Beach, CA
    Not sure what the cap reference is but it sure brings back memories. Do they still make toys with gun powder for kids?

    - Pete
     

Share This Page