Matsuo, Nippon Chemi-Con Pay $165 Million to End Capacitor Case

Matsuo Electric Co. and Nippon Chemi-Con Corp. exited antitrust litigation over a global price-fixing scheme by capacitor manufacturers after a federal judge in San Francisco approved settlements bringing the case’s total damages to $605 million.

Judge James Donato signed off Tuesday on agreements calling for payments of $5 million by Matsuo and $160 million by a group of Chemi-Con affiliates. The pacts resolved class action claims brought on behalf of direct purchasers in the US District Court for the Northern District of California.

The multidistrict lawsuit, consolidated in 2017, accused dozens of mostly Japanese, Korean, and Taiwanese companies of a ...