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|LCD Manufacturers Reach Historic $1.1 Billion Class Action Settlement|
- Wednesday, 18 July 2012 13:56
LCD Manufacturers Reach Historic $1.1 Billion Class Action Settlement
By Kimberly Mirando
Toshiba, LG and AU Optronics joined the largest antitrust class action lawsuit settlement in history last week, agreeing to pay consumers $543.5 million for their roles in an alleged price-fixing conspiracy for LCD panels contained in TVs, laptops and computer monitors. The three companies join seven other LCD manufacturers who reached a $538.5 million class action settlement in December 2011 after being caught price-fixing LCD screens. This brings the total payment to consumers covered by the LCD class action lawsuit settlement to nearly $1.1 billion in refunds.
The LCD panel class action lawsuit settlement will provide refunds to U.S. consumers in 24 states and the District of Columbia who purchased a laptop, computer monitor or television with a flat-panel LCD display between January 1, 1999 and December 31, 2006 manufactured by one of the following companies: Toshiba, LG, AU Optronics, Samsung, Sharp, Hitachi, Epson, Chimei, Chungwa and HannStar. The companies also agreed to pay a combined $42.2 million in civil penalties.
The LCD class action settlement only covers consumers who purchased INDIRECTLY from these companies. “Indirectly” means that you purchased an LCD panel in a television, monitor or notebook computer from someone other than the manufacturer of that panel (such as at Best Buy, Amazon.com, etc.). The states covered under the LCD class action settlement include:
On July 11, 2012, the Court granted final approval to the first seven settlements totaling over $538 million. The three new settlements with Toshiba, LG and AU Optronics have been submitted to the Court for preliminary approval. Once approval is received, Claim Forms will be made available to Class Members in early August 2012. Information about how much money you can receive from the LCD settlement will also be made public at that time.
Keep checking Top Class Actions for details on how to file a claim for the LCD Panel Class Action Lawsuit Settlement as soon as they’re made public. More information on the case can also be found at www.LCDClass.com.
Updated July 18th, 2012
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Last Updated on Thursday, 27 December 2012 11:09