Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.
Makers of Korean noodles are involved in antitrust cases alleging that the companies conspired to fix or raise the price of the noodles in the US. The noodles at issue are instant noodle soup products that include dried instant noodles, a seasoning packet, and dehydrated vegetables in a bag, cup, or bowl. One company, Samyang Foods Co., Ltd., has now agreed to a settlement with two classes. The non-settling defendants include Nongshim Co., Ltd., Nongshim America Inc., Ottogi Co. Ltd., Ottogi America, Inc., and Korea Yakult Co., Ltd. Benefits from this Samyang settlement will be distributed only to the Direct Purchaser Class. No funds will be distributed to the Indirect Purchasers Class because it likely includes millions of class members but has only a small settlement fund.Docket Number:
Filing Deadline: November 13, 2019
Class Period: May 1, 2001 to December 31, 2010
Objection Deadline: November 13, 2019
Exclusion Deadline: June 9, 2017
Final Approval Hearing: December 11, 2019Proof of Purchase:
Presumably company records will be used for verification.Eligibility:
You may be eligible if you are a Direct Purchaser who bought Korean noodles directly from any Nongshim, Ottogi, Samyang, or Yakult (or their predecessors, affiliates or subsidiaries) between May 1, 2001 and December 31, 2010. Members of this class may receive additional benefits in the future if other defendants agree to settlements or receive judgments.
While there is also an Indirect Purchaser Class, no distributions of benefits will be made to that class.Typical Settlement Amount:
Portion of the Samyang settlement fund; additional funds may be distributed if settlements or judgements are reached against the other defendants.
Total Settlement Amount: $1,000,000 to the Direct Settlement Class, $500,000 to the Indirect Settlement ClassClass Representative Proposed Incentive Fee:
Bramson Plutzik Mahler Birkhaeuser LLP
Izard Kindall and Raabe LLP
Case Name: In re Korean Noodles Antitrust Litigation
Settlement Website: Korean Noodles Antitrust Settlement Website
KCC Class Action Services, LLC
Korean Noodles Antitrust Litigation
c/o KCC Class Action Services
P.O. Box 43434
Providence, RI 02940-3434