The Plaintiffs, Khurram Shah and Alpina Holdings Inc., brought a competition law class action against numerous defendants concerning an alleged price-fixing conspiracy for Lithium Ion Battery Cells (LIBs).
This decision addresses the Plaintiffs' motion for court approval of settlement agreements reached with three groups of defendants: NEC Corporation and NEC Tokin Corporation (collectively 'NEC'), Samsung SDI Co., Ltd. and Samsung SDI America, Inc. (collectively 'Samsung'), and Sony Corporation, Sony Energy Devices Corporation, Sony Electronics, Inc., and Sony of Canada Ltd. (collectively 'Sony').
The Plaintiffs also sought approval of class counsel fees and disbursements related to these settlements.
The court reviewed the settlements for fairness, reasonableness, and best interests of the class, considering factors such as likelihood of success, counsel's recommendation, and absence of objections.
The court also assessed the reasonableness of the requested contingency fees and disbursements.
The court approved all three settlement agreements and the requested class counsel fees and disbursements.