Class Action against Infineon Technologies et al. for Participating in a Smart Card Chips Cartel
(Canada Newswire Via Acquire Media NewsEdge)
MONTREAL, Sept. 4, 2014 /CNW Telbec/ - Paquette Gadler Inc. announces it
has filed yesterday a motion to authorize the bringing of a class
action against Infineon Technologies AG, Infineon Technologies North
America, Samsung Electronics CO., Ltd, Samsung Semiconductor Inc.,
Samsung Electronics America, Samsung Electronics Canada, Koninklijke
Philips N.V., Philips Electronics North America Corporation, Renesas
Electronics Corporation and Renesas Electronics America at the Montreal
court house for Ms. Mélanie Cormier.
The motion was filed to authorize a class action against the
respondents, who would have participated in a smart card chips cartel
between September 1st 2003 and September 30th 2005 by fixing, maintaining, increasing or otherwise controlling the
price of smart card chips and by having sold or otherwise distributed
them in Canada.
Smart card chips are commonly found in electronic devices, such as
credit cards, and cell phones. As a result of price fixing, consumers
did not obtain a fair price for products containing smart card chips.
Furthermore, the lack of competition between the respondents deprived
consumers from the advantages of a competitive market.
The motion for authorization targets any person who purchased or
otherwise obtained an electronic device containing a smart card chip in
Canada within the class period.
SOURCE Paquette Gadler inc.
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