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From at least March 1, 2000 through May 31, 2011, Plaintiffs allege that Defendants engaged in a massive conspiracy to fix, raise, stabilize and maintain the prices of Lithium Ion Batteries in the United States. This conspiracy also artificially raised the prices of Lithium Ion Battery Products in the United States.
Defendants collectively controlled between 73% and 95% of the worldwide market for Lithium Ion batteries during the class period. The manufacture and sale of Lithium Ion batteries was approximately a $9.3 billion industry as of 2011 and is predicted to continue growing.