If you bought a cell phone, laptop, cordless power tool, or other electronic device between 2000 and 2011, you may be entitled to some cash.
A class-action lawsuit, brought on behalf of purchasers of products containing lithium-ion cylindrical batteries, has been settled for $44.95 million. The suit alleges that manufacturers fixed the price of the batteries, driving up prices for consumers.
LG Chem, Hitachi Maxwell and NEC Corporation will pay a fixed amount to those who file a claim that they purchased a product containing a battery manufactured by one of those companies.
Purchasers of those products may be eligible for compensation if they were a resident of the United States between Jan 1, 2000 and May 21, 2011 and the product was purchased for individual or business use.
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The exact amount you get won’t be known until the the period for filing claims is over, but it will be based on how many of the covered items you purchased in that period.
You can file a claim here by the November 29 deadline.
Scott Berson: 706-571-8578, @ScottBersonLE