Panasonic Among Defendants in Antitrust Suit Over Capacitors
Panasonic Corp. and its Sanyo subsidiaries are among 48 defendants named in an antitrust complaint filed in Miami-Dade County.
The companies are accused of conspiring to form an international cartel to orchestrate a long-running scam to rig prices of aluminum, tantalum and film capacitors used in electric devices.
Global revenue from capacitors—which store electrical charges for devices—is projected to reach $16 billion by the end of 2016, according to court documents.