Samsung CRT price-fixing settlementSamsung Group has agreed to pay $33 million to settle a class action lawsuit that alleged the company was involved in a global price-fixing scheme. Although several co-defendants have already agreed to settlements, Samsung’s will provide the largest payout in the cathode ray tube multidistrict litigation (MDL).

On Monday, attorneys for the plaintiffs filed a motion seeking class certification and preliminary approval of the Samsung CRT price-fixing settlement. According to the motion, the Samsung CRT price-fixing settlement is “larger than previous settlements, and represents an outstanding recovery for the class.”

Target Corp., Best Buy Co. Inc. and other retailers, together with consumers who bought products containing cathode ray tubes (CRTs), began filing class action lawsuits in 2007, accusing a number of electronics makers of violating the Sherman Act by conspiring to fix the prices of CRTs from 1995 through 2007. In 2008, the U.S. Judicial Panel on Multidistrict Litigation consolidated the CRT lawsuits into the MDL known as In re: Cathode Ray Tube (CRT) Antitrust Litigation. Samsung is the last of the co-defendants to agree to a settlement.

The other co-defendants have already settled their portions of the CRT price-fixing MDL. In 2012, the court gave final approval to settlements reached by Chunghwa Picture Tubes Ltd., Philips Electronics North America Corp. and Panasonic Corp. In 2013, the court granted final approval to settlements reached by LG Electronics Inc. and Toshiba Corp. In January 2014, the court preliminarily approved a settlement reached by Hitachi Ltd. LG’s $25 million class action settlement agreement involved the largest payout of all of the previous settlements.

The proposed Samsung CRT price-fixing settlement seeks the certification of a class of direct purchasers of CRTs and/or CRT products from Samsung and their alleged co-conspirators from March 1, 1995 through Nov. 27, 2007. “This Settlement Class is identical to the classes already certified by the Court in connection with the preliminary and final approval of the CPT, Philips, Panasonic, LG, and Toshiba settlements, and provisionally approved with regard to the Hitachi settlement,” the plaintiffs say in their motion.

This class action settlement only applies to purchasers who purchased the CRT products directly from the manufacturers. Consumers who purchased televisions with CRTs from retail stores have also filed a class action lawsuit over CRT price-fixing claims. The class was certified in September 2013, but the litigation is still pending. For more information about the indirect purchasers class action lawsuit, click here.

A hearing for the preliminary approval of the Samsung CRT price-fixing settlement has been scheduled for April 18, 2014.

The direct purchasers are represented by Guido Saveri, R. Alexander Saveri, Geoffrey C. Rushing and Travis L Manfredi of Saveri & Saveri Inc.

The CRT Price-Fixing Class Action Lawsuit is In re: Cathode Ray Tube (CRT) Antitrust Litigation, Case No. 3:07-cv-05944, in the U.S. District Court for the Northern District of California.

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28 Comments

  • Kevin Pettaway March 18, 2014

    I have purchased a ton of Samsung products, please keep me informed.

  • Robyn Lipetz March 18, 2014

    I have bought several Samsung products, including a television costing $2,000 dollars back in 2002. I would like to be part of this class action litigation

  • Richard Raposa March 18, 2014

    please keep me informed. very interested in this case

  • David Levin March 18, 2014

    I would like to be included in this

  • Eileen Carter March 18, 2014

    I purchased a 32″ TV in 1998 from them and would like more info on class action

  • Cindy Amaral March 18, 2014

    I too have purchased numerous items of Samsung and would like to participate in this law suit.

  • Sallie Briggs March 18, 2014

    Please keep me inform I have had problem with my 32 ” Samsung.

  • Pat Davis March 18, 2014

    I have purchased 2 Samsung tv for more than $2,000. Please keep me updated.

  • Leon Chocron March 18, 2014

    I have purchased a few samsung tv panels for that date range, please kindly keep me in the loop, thanks

  • craig H. March 18, 2014

    I’D LIKE MY SHARE.

  • Darlene Berry March 19, 2014

    II all so purchase a samsung in this time frame so please keep me informed.
    Thank you

  • Patty March 19, 2014

    I always bought Samsung and Sony products lately disappointed in both as the years go by I would like informed on this class action suit .

  • Tina Tran March 19, 2014

    I have bought a lot of Samsung products in that time frame please keep me informed.

  • Terry Moretti March 19, 2014

    I have bought a lot of Samsung products in that time frame please keep me informed.

  • Bob J March 20, 2014

    send me info to join this class action! thanks n SEMPER FI !!

  • Frederick Russell March 20, 2014

    My grandparents had a problem with their Samsung television also and would like to be a part of the lawsuit. Please keep me updated.

  • Henry Bradley March 20, 2014

    I have purchased several products from Samsung and Panasonic. Where is the form to file a claim? I’ve looked on your website but it doesn’t seem to be there.

  • Ven March 20, 2014

    I purchased 3 samsung tv between 2005 to 2013. I would like to be a part of the classaction lawsuit.

  • Mary Carvalho March 21, 2014

    I have purchased Samsung products from Televisions to cell phones. I to would like to be a part of this claim. Please keep me informed.

  • GCM March 23, 2014

    Samsung products defects.

  • Manoj March 24, 2014

    I have bought a lot of Samsung products in that time frame please keep me informed.

  • JC Vining March 29, 2014

    Please keep me posted on this

  • RB Davidheiser March 31, 2014

    Many products purchased from Samsung… Keep me in the loop!

    Thanks

  • Julia April 1, 2014

    I buy mainly Samsung. Please send me forms online to fill out.

  • ROSIE April 13, 2014

    SAMSUNG PRODUCTS IS MOST OF WHAT I HAVE IN MY HOUSE NOW,KEEP ME POSTED EVERYONE (LOUISIANA)

  • A. Lowe April 14, 2014

    I bought numerous Samsung and Toshiba products and would like to sign on for this suit.

  • Debra Vincelette April 15, 2014

    Bought Samsung TV’s, would like information on this lawsuit.

  • Patrice Walker April 21, 2014

    I have several samsung products please keep me informed

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