A California federal jury considering a $427 million price-fixing suit against three capacitor manufacturers heard testimony Tuesday about how workers would routinely meet for golf, karaoke and drinking after bi-annual industry meetings, schmoozing and sharing price information with competitors.
A California federal jury considering a $427 million price-fixing suit against three capacitor manufacturers heard testimony Tuesday about how workers would routinely meet for golf, karaoke and drinking after bi-annual industry meetings, schmoozing and sharing price information with competitors.
A California federal jury heard opening statements Monday in a sprawling antitrust suit by a certified class of about 1,800 companies alleging that three capacitor makers participated in a decadelong global conspiracy to fix prices on the electronic part, with counsel for the capacitor buyers arguing for $427 million in damages.
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