Lithium battery settlement
The Lithium Battery Settlement is a legal agreement reached between consumers and manufacturers of lithium batteries1234. It involves allegations of price-fixing and collusion among major battery companies123, as well as safety hazards and performance issues associated with lithium-ion batteries4. The settlement has resulted in $113 million in payouts to indirect purchasers of certain products containing lithium-ion cylindrical batteries23.
As the photovoltaic (PV) industry continues to evolve, advancements in Lithium battery settlement have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
6 FAQs about [Lithium battery settlement]
Can I claim a lithium-ion battery indirect purchaser antitrust settlement?
UPDATE: The Lithium-Ion Battery Indirect Purchaser Antitrust Class Action Settlement is currently under appeal. Claims will not be paid until appeals are resolved. We appreciate your ongoing patience. Top Class Actions will continue to provide updates as we learn more. www.ReverseTheCharge.com We tell you about cash you can claim EVERY WEEK!
Will the Supreme Court review the lithium-ion batteries antitrust lawsuit?
On November 16, 2022, the Ninth Circuit Court of Appeals rejected one objection related to the $113 million in settlements obtained in the Lithium-Ion Batteries Antitrust Litigation. The objector has until February 14, 2023 to file a petition asking the Supreme Court to review this decision.
When will class members get paid for a lithium-ion battery lawsuit?
Class members should begin receiving their payments for the Lithium-Ion Batteries Antitrust Litigation in the coming weeks. On November 16, 2022, the Ninth Circuit Court of Appeals rejected the one objection related to the $113 million in settlements.
What's going on with lithium-ion cylindrical batteries?
A $64.45 million settlement has been reached in a class action lawsuit filed by indirect purchasers of certain products containing lithium-ion cylindrical batteries who allege the defendants and co-conspirators unlawfully conspired to fix, raise, maintain or stabilize the prices of the batteries.
What is a Li-ion battery lawsuit?
What is the case about? The lawsuit alleges that defendants and co-conspirators conspired to raise and fix the prices of cylindrical li-ion cells for more than ten years, resulting in overcharges to indirect purchasers of portable computers, camcorders, and power tools containing li-ion cylindrical batteries.
Did lithium-ion batteries violate antitrust laws?
The plaintiffs claim that the world’s largest manufacturers of lithium-ion batteries violated federal and state antitrust, unfair competition and consumer protection laws by scheming to raise and fix the prices of cylindrical lithium-ion cells for more than a decade.
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