Lithium Battery Makers Being Sued Over Alleged Price Fixing

The companies are alleged to have colluded to keep prices high for the last decade

The world's largest manufacturers of rechargeable lithium ion batteries and their North Jersey and California subsidiaries are being sued for allegedly engaging in a decade-long conspiracy to fix prices on the batteries used to power portable computers, cellphones, cameras and other electronic devices.

At least 11 lawsuits, brought on behalf of 13 plaintiffs from Englewood to Los Angeles, have been filed in U.S. District Court in Newark since October, the most recent on Friday.