2015
Feb.23, 2015
Minebea Co., Ltd.
Regarding a Lawsuit Filed against Minebea
Minebea Co., Ltd. ("Minebea") has confirmed that a lawsuit (the "Lawsuit") was filed against Minebea in the Superior Court of Quebec, Canada, District of Montreal as of February 3, 2015 (local time). As of February 23, 2015, Minebea has not yet received the complaint of the Lawsuit.
1. Underlying Causes of the Lawsuit and Background Leading to Filing of the Lawsuit
The plaintiff purports to file the Lawsuit against the defendants, including Minebea, on behalf of direct or indirect purchasers in Quebec, Canada that purchased small-sized ball bearings sold by the defendants.
The plaintiff alleges that the defendants conspired to engage in price adjustment coordination, etc. regarding small-sized ball bearings sold in Quebec, Canada.
2. Outline of Person who filed the Lawsuit
Name: PATRICK DUMOULIN
Address: Quebec, Canada
3. Details of the Lawsuit
In the Lawsuit, the plaintiff seeks, among other things, authorization of a class action and recovery of damages from the defendants. The amount of the claim is not specified.
4. Future Prospect
Minebea will closely review the details of the complaint and take actions in an appropriate manner after Minebea is formally served with the complaint.
There is a possibility that similar lawsuits will be filed against Minebea, or its subsidiaries or affiliated companies in the future.
At this point, the impact the Lawsuit will have on our business performance, if any, is unclear. If anything arises that should be disclosed, Minebea will make a timely disclosure.
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, President and Chief Executive Officer (Code No. 6479, TSE Div. No.1) |
| Contact: | Yasuo Komine General Manager Corporate Communications Office |
| Phone: | +81-(0)3-6758-6703 |
Product information, contact and other context are subject to change without prior notice.
