Another in a series of class action settlements involving the sale of products containing linear resistors is headed to court for approval this summer.
The settlement is on behalf of purchasers of electronic devices containing linear resistors between July 9, 2003 and September 14, 2015.
A “linear resistor” is an electronic component used to regulate the current in an electrical circuit. Linear resistors are found in electronics like computers, smartphones, gaming consoles, home appliances and televisions, among other products.
Settlements have been reached with Rohm Co. Ltd. and Rohm Semiconductor U.S.A., LLC (collectively “ROHM”) in the amount of C$1,550,000 and Hokuriku Electric Industry Co. and HDK America Inc. (collectively “HDK”) for C$910,750.
ROHM and HDK also agreed to provide meaningful co-operation to the plaintiffs in pursuing their claims against non-settling defendants. In exchange, for the settlement amount and other consideration, ROHM and HDK will be provided with a full release of the claims against them in relation to the Class Actions. The settlements are not an admission of liability, fault, or wrongdoing, but are a compromise of disputed claims.
Two prior settlements, totalling CAD $3,120,000, have been reached with the Panasonic and Kamaya defendants. These settlements were approved by previous orders of the Courts.
More information about legal proceedings concerning these settlements can be obtained at: https://www.foremancompany.com/linear-resistors.