• Latest
  • Trending
  • All
  • Capacitors
  • Resistors
  • Inductors
  • Filters
  • Fuses
  • Non-linear Passives
  • Applications
  • Integrated Passives
  • Oscillators
  • Passive Sensors
  • New Technologies
  • Aerospace & Defence
  • Automotive
  • Industrial
  • Market & Supply Chain
  • Medical
  • RF & Microwave
  • Telecommunication
Close-up Of Male Judge Hitting Mallet On American Dollars Banknote

Cisco sues lawyers on its own side – for bigger slice of capacitor price-fixing settlement pie

13.2.2019

TAIYO YUDEN Launches Wire-Wound Automotive Power Inductors

16.5.2022

Skeleton Announces Agreement with Polish ZPUE for Rail Energy Storage Solutions

16.5.2022

European Electronic Components Distribution Under Strong Demand and Allocation in Q1 2022

16.5.2022

Tecate Releases Small-Cell 3V Supercapacitors

16.5.2022
  • Home
  • Privacy Policy
  • EPCI Advertisement & Membership
  • About
No Result
View All Result
NEWSLETTER
Passive Components Blog
  • Home
  • NewsFilter
    • All
    • Aerospace & Defence
    • Antenna
    • Applications
    • Automotive
    • Capacitors
    • Filters
    • Fuses
    • Inductors
    • Industrial
    • Integrated Passives
    • Market & Supply Chain
    • Medical
    • New Materials & Supply
    • New Technologies
    • Non-linear Passives
    • Oscillators
    • Passive Sensors
    • Resistors
    • RF & Microwave
    • Telecommunication

    TAIYO YUDEN Launches Wire-Wound Automotive Power Inductors

    Skeleton Announces Agreement with Polish ZPUE for Rail Energy Storage Solutions

    European Electronic Components Distribution Under Strong Demand and Allocation in Q1 2022

    Tecate Releases Small-Cell 3V Supercapacitors

    3D Systems to Deliver 3D Printed RF Components for Satellite Applications

    Kyocera to Build its Largest Plant in Japan for Crystals and Semiconductor Packages

    TDK to Build New Automotive MLCC Production Plant in Japan

    Supercapacitors Assist Diesel Locomotives Start At Winter Conditions

    Bourns Releases High Current Shielded Power Inductor in Compact Size

    Trending Tags

    • Ripple Current
    • RF
    • Leakage Current
    • Tantalum vs Ceramic
    • Snubber
    • Low ESR
    • Feedthrough
    • Derating
    • Dielectric Constant
    • New Products
    • Market Reports
  • VideoFilter
    • All
    • Antenna videos
    • Capacitor videos
    • Filter videos
    • Fuse videos
    • Inductor videos
    • Non-linear passives videos
    • Oscillator videos
    • Passive sensors videos
    • Resistor videos
    • Sensors

    Soldering THT Components by SMD Reflow Assembly; WE Webinar

    Strain Gage Resistive Sensor Simulation; Vishay Video

    EMC Filters Explained – from Component to Design; WE Webinar

    How to Avoid EMI Noise on Data Cable by Isolated Power Module; WE askLorandt Video

    Introduction to Wireless Power Transfer; WE Webinar

    How to Pass Conducted Emissions Using Line Filters; WE Webinar

    EMI Debugging of a Low Power Buck Converter; WE Webinar

    Flat Wire Inductors for Electrical Cars; WE Webinar

    Ferrite Filter Features and Selection Guide; WE Webinar

    Trending Tags

    • Capacitors explained
    • Inductors explained
    • Resistors explained
    • Filters explained
    • Application Video Guidelines
    • EMC
    • New Products
    • Ripple Current
    • Simulation
    • Tantalum vs Ceramic
  • Knowledge Blog
  • Preferred Suppliers
  • Who is Who
  • Events
  • Home
  • NewsFilter
    • All
    • Aerospace & Defence
    • Antenna
    • Applications
    • Automotive
    • Capacitors
    • Filters
    • Fuses
    • Inductors
    • Industrial
    • Integrated Passives
    • Market & Supply Chain
    • Medical
    • New Materials & Supply
    • New Technologies
    • Non-linear Passives
    • Oscillators
    • Passive Sensors
    • Resistors
    • RF & Microwave
    • Telecommunication

    TAIYO YUDEN Launches Wire-Wound Automotive Power Inductors

    Skeleton Announces Agreement with Polish ZPUE for Rail Energy Storage Solutions

    European Electronic Components Distribution Under Strong Demand and Allocation in Q1 2022

    Tecate Releases Small-Cell 3V Supercapacitors

    3D Systems to Deliver 3D Printed RF Components for Satellite Applications

    Kyocera to Build its Largest Plant in Japan for Crystals and Semiconductor Packages

    TDK to Build New Automotive MLCC Production Plant in Japan

    Supercapacitors Assist Diesel Locomotives Start At Winter Conditions

    Bourns Releases High Current Shielded Power Inductor in Compact Size

    Trending Tags

    • Ripple Current
    • RF
    • Leakage Current
    • Tantalum vs Ceramic
    • Snubber
    • Low ESR
    • Feedthrough
    • Derating
    • Dielectric Constant
    • New Products
    • Market Reports
  • VideoFilter
    • All
    • Antenna videos
    • Capacitor videos
    • Filter videos
    • Fuse videos
    • Inductor videos
    • Non-linear passives videos
    • Oscillator videos
    • Passive sensors videos
    • Resistor videos
    • Sensors

    Soldering THT Components by SMD Reflow Assembly; WE Webinar

    Strain Gage Resistive Sensor Simulation; Vishay Video

    EMC Filters Explained – from Component to Design; WE Webinar

    How to Avoid EMI Noise on Data Cable by Isolated Power Module; WE askLorandt Video

    Introduction to Wireless Power Transfer; WE Webinar

    How to Pass Conducted Emissions Using Line Filters; WE Webinar

    EMI Debugging of a Low Power Buck Converter; WE Webinar

    Flat Wire Inductors for Electrical Cars; WE Webinar

    Ferrite Filter Features and Selection Guide; WE Webinar

    Trending Tags

    • Capacitors explained
    • Inductors explained
    • Resistors explained
    • Filters explained
    • Application Video Guidelines
    • EMC
    • New Products
    • Ripple Current
    • Simulation
    • Tantalum vs Ceramic
  • Knowledge Blog
  • Preferred Suppliers
  • Who is Who
  • Events
No Result
View All Result
Passive Components Blog
No Result
View All Result

Cisco sues lawyers on its own side – for bigger slice of capacitor price-fixing settlement pie

13.2.2019
Reading Time: 3 mins read
0 0
Close-up Of Male Judge Hitting Mallet On American Dollars Banknote

Close-up Of Male Judge Hitting Mallet On American Dollars Banknote

0
SHARES
166
VIEWS

Source: The Register news

By Kieren McCarthy in San Francisco. Cisco is fighting its own side’s lawyers to get a bigger share of a component price-fixing payout, in the latest unedifying class-action legal battle in tech land.

RelatedPosts

TAIYO YUDEN Launches Wire-Wound Automotive Power Inductors

Skeleton Announces Agreement with Polish ZPUE for Rail Energy Storage Solutions

European Electronic Components Distribution Under Strong Demand and Allocation in Q1 2022

The networking equipment giant wants $192m of apparently over-priced capacitor purchases it made to be considered when calculating how much of a giant pot of settlement money it should be given. Cisco has been joined by Aptiv Services, which wants $199m included.

In other words, there’s a pot of compensation for organizations that bought the alleged over-priced capacitors, and Cisco and Aptiv want a greater share of it based on the caps they bought.

But the lawyers – who have argued the broad class-action lawsuit since 2014, and there are a lot of them – claim those sums aren’t eligible for any cash. Instead, they argue, the millions of dollars in settlements so far should go to their own clients and, huh, the lawyers themselves.

The money itself comes from a number of different Japanese companies, including Hitachi Chemical, who have settled price-fixing claims in the capacitor market. Settlements from other manufacturers are expected soon.

The successful lawyers put forward a disbursement plan earlier this year for that money and it sparked a furious response from Cisco and Aptiv. “Objecting Members respectfully request an order directing that their second-round claims, including supplemental commerce for Incorporated Capacitors, be approved,” the filing [PDF] from Cisco earlier this month argues.

The lawyers claim Cisco and Aptiv’s purchases are not eligible since they are exceptions under the Foreign Trade Antitrust Improvement Act (FTAIA). Which basically means that they didn’t have an impact on the companies’ sales within the United States.

Cisco and Aptiv, unsurprisingly, don’t agree. They imported the finished products that incorporate the capacitors in question, their filing argues, and so they should be considered as being covered by the Sherman Act and not the FTAIA. A remarkable 48.6 per cent of Cisco products sold in the US included the capacitors in dispute, the company notes.

Furthermore, they argue, their lawyers should be arguing for them and not working against them: “Class counsel have an obligation to ensure and fight for the inclusion of these claims – though they have thus far declined to do so.”

All of which is lawyer speak for: give me my damn money!

Price bump
The price-fixing case started in 2014 when Chip-Tech sued basically an entire industry alleging companies in Japan were conspiring to throttle the trade of aluminum and tantalum capacitors – critical electronic components in devices – and so bump up the price.

None of those companies have admitted the charges, though they have slowly been settling for large sums: NEC, Okaya, Fujitsu, Rohm and Nitsuko settled in 2016, paying $32m. Hitachi and Soshi settled in 2017 for $67m. And at the end of December, more settled, putting a further $120m into the pot.

Then came the class-action lawyers’ submission to the court where they broke out how that new money was going to be split and suddenly Cisco and Aptiv found that the products they had bought weren’t considered relevant any more.

That was not what they had all agreed beforehand, Cisco and Aptiv’s lawyers note with some disdain. Being lawyers, they have extensive notes about dates and events and happily provide them to the judge that will decide the issue, complete with appendices.

Just one example: “Objecting Members subsequently provided detailed responses to a number of questions posed by Class Counsel over the next week (id. at 3–10), despite Class Counsel’s apparent refusal to indicate whether global purchase data existed (id.Ex. F at 2), refusal to provide the corresponding purchase volume for the percentages of claims assigned to Cisco (id. Ex. A at 7), and prior refusal to provide defendants’ underlying data to analyze a purported duplication issue raised by Class Counsel for Aptiv’s data (MDL Dkt. No. 327 at 7:14–21).” You get the idea.

It’s almost as if class-action lawyers are only in it for the money rather than the moral imperative of getting the best deal for people and organizations that have been ripped off by others. Maybe there needs to be a class-action lawsuit against class-action lawyers.

Related Posts

Capacitors

Skeleton Announces Agreement with Polish ZPUE for Rail Energy Storage Solutions

16.5.2022
3
Market & Supply Chain

European Electronic Components Distribution Under Strong Demand and Allocation in Q1 2022

16.5.2022
3
Aerospace & Defence

Tecate Releases Small-Cell 3V Supercapacitors

16.5.2022
3

Popular Posts

  • Ripple Current and its Effects on the Performance of Capacitors

    3 shares
    Share 3 Tweet 0
  • Introduction to Capacitor Based Power Factor Correction Circuits

    0 shares
    Share 0 Tweet 0
  • Understanding High-Precision Resistor Temperature Coefficient of Resistance

    0 shares
    Share 0 Tweet 0
  • How to Choose the Right Inductor for DC-DC Buck Applications

    0 shares
    Share 0 Tweet 0
  • Capacitor Selection for Coupling and Decoupling Applications

    28 shares
    Share 28 Tweet 0

Newsletter Subscription

 

  • Home
  • Privacy Policy
  • EPCI Advertisement & Membership
  • About

© 2021 EPCI - Premium Passive Components Educational and Information Site

No Result
View All Result
  • Home
  • News
  • Video
  • Knowledge Blog
  • Preferred Suppliers
  • Events

© 2021 EPCI - Premium Passive Components Educational and Information Site

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.