Lifestyle
Lithium-Ion Battery Lawsuit Settlement: You May Be Entitled to Some Cash
A $45 million dollar settlement has been reached over a lawsuit concerning lithium-ion batteries. According to KENS 5, this means that you could take part of the settlement if you purchased an item with a lithium-ion battery in the 2000s up until May 31, 2011. “The settlement is meant to end a lawsuit between major battery companies, alleging they conspired to fix battery prices for more than a decade,” the news explains. Defendants Hitachi Maxell, LG Chem, and NEC were brought to court over the batteries because they took part in fixing the price of the battery cells, and therefore, customers and businesses had to pay more for products that use lithium-ion.
In order to see if you qualify for some cash, visit ReversetheCharge.com. The website currently states that you have about a month left to file a claim concerning products like “portable computers, power tools, camcorders, and other products (including the purchase of replacement batteries).”
On the claim form, you will click on what kind of item you bought and fill out your information. Like the website says, it will take less than five minutes and you do not have to show a proof of purchase. You will receive a digital payment of an amount that’s currently unknown unless you request a physical check.
