Capacitors are devices placed in electric circuits that temporarily store electrical charge. Practically every electronic device we buy today – from large industrial machinery to the smallest consumer products – contains capacitors, sometimes numbering in the hundreds, to ensure that they work properly. Trillions of capacitors are manufactured each year.
Capacitors vary in size, capacitance (i.e., the amount of electrical charge they can store), and the materials from which they are made. They can be made from ceramics, tantalum (a rare metal), plastic film, and aluminum, among other things.
The U.S. Department of Justice, along with regulators in China, Japan, South Korea, Taiwan, Brazil and Europe, are actively investigating allegations of a worldwide price-fixing conspiracy among capacitor manufacturers that may have started as far back as 2002 and continues into the present day. One large Japanese corporation recently has requested that the U.S. DOJ grant it amnesty from prosecution in exchange for reporting about the capacitor manufacturers’ illegal collusive conduct, and another has pleaded guilty to price fixing:
The Joseph Saveri Law Firm currently is investigating these price-fixing allegations, as well as any injuries U.S. businesses or consumers may have suffered as a result of the capacitor manufacturers’ illegal agreements.
Please contact the Joseph Saveri Law Firm if:
- You or your company purchased or sold capacitors, either from capacitor manufacturers or any of their wholesale distributors, and you believe the pricing of these purchases and sales may have been impacted by illegal price-fixing;
- You are a current or former employee of any capacitor manufacturer or any of their wholesale distributors, and you have information or documents related to any agreements to fix prices on capacitors; or
- You are involved in or are knowledgeable about the capacitors industry and you believe you have information that can assist the Joseph Saveri Law Firm in its ongoing investigation.