Purchasers of Standalone Storage Device or Computer for resale in the United States from January 2003, through May 2016, may be affected by a class action lawsuit

Purchasers of Standalone Storage Device or Computer for resale in the United States from January 2003, through May 2016, may be affected by a class action lawsuit

PR Newswire

SAN JOSE, Calif., June 12, 2026

SAN JOSE, Calif., June 12, 2026 /PRNewswire/ -- A class action antitrust lawsuit was filed on behalf of Reseller Plaintiffs and End-User Plaintiffs against Defendants TDK Corporation, Hutchinson Technology Inc., Magnecomp Precision Technology Public Co., Ltd., Magnecomp Corporation, and SAE Magnetics (H.K.) Ltd. (together, "TDK Defendants"), and NHK Spring Co., Ltd., NHK International, NAT Peripheral (Dong Guan) Co., Ltd., NAT Peripheral (Hong Kong) Co., Ltd., and NHK Spring (Thailand) Co., Ltd. (together, "NHK Defendants"). This Notice only applies to Reseller Plaintiffs. The Reseller Plaintiffs are Now Micro, Inc., Integrated Technical Systems, Inc. d/b/a Network One, It Worx, Inc., Stephen Arvay, and Michael Medeiros, (together, the "Reseller Plaintiffs"). The lawsuit alleges Defendants conspired to fix prices of suspension assemblies ("SAs"), a component contained in hard disk drives ("HDD"). SAs are a necessary component of HDDs and are found in products such as laptop and desktop computers, and computer servers. The Reseller Plaintiffs bought and resold HDDs that included SAs. Reseller Plaintiffs assert prices were higher as a result of the supracompetitive prices initially charged by Defendants to HDD manufacturers, who "passed on" those price increases to the Reseller Plaintiffs.