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Case Center
Magnetic Iron Oxide
- Issue: Price-fixing
- Result: $6.35 million settlement
- 2009
Quantegy Recording Solutions, LLC, et al. v. Toda Kogyo Corp., et al.
In August 2006 and January 2009, the Court approved the final settlements in antitrust litigation against manufacturers, producers, and distributors of magnetic iron oxide ("MIO").
MIO is used in the manufacture of audiotape, videotape, and data storage tape. Plaintiffs alleged that defendants violated federal antitrust laws by conspiring to fix, maintain, and stabilize the prices and to allocate the worldwide markets for MIO from 1991 to October 12, 2005.
The value of all settlements reached in the litigation was $6.35 million. Lieff Cabraser served as Plaintiffs’ Co-Lead Counsel.
Practice Areas
Antitrust Brochure
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