An investigation on behalf of current investors of Panasonic Corporation (ADR) (NYSE:PC) over possible breaches of fiduciary duty by certain officers and directors of Panasonic Corp in connection with alleged price fixing.

Japan based Panasonic Corporation is a multinational manufacturer of electronic and electric products for a range of consumer, business and industrial uses, as well as a variety of components. Panasonic Corporation (ADR). The investigation by a law firm concerns whether certain officers and directors of Panasonic Corporation breached their fiduciary duty owed to Panasonic investors in connection with a recent announcement of antitrust violations by Panasonic.

On September 30, 2010, the U.S. Justice Department announced that Embraco North America Inc., a Whirlpool Corp. subsidiary, and Panasonic Corp. conspired to fix the prices of refrigerant compressors from 2004 to 2007. Panasonic Corp. entered into the plea agreement and agreed to pay $49.1 million in fines. The case, filed in federal court in Detroit, charged Panasonic Corp with holding meetings and conversations with the goal of fixing prices and exchanging information to monitor and enforce agreed upon prices with competitors.

Panasonic Corporation (ADR) shares (NYSE: PC) traded recently at $13.54 per share, down from its current 52weekhigh of $17.19 per share. During 2008 Panasonic Corporation (ADR) shares traded as high as $23.85 per share.