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LCD Manufacturers Reach Historic $1.1 Billion Class Action Settlement Print Email
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Wednesday, 18 July 2012 13:56
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LCD Manufacturers Reach Historic $1.1 Billion Class Action Settlement

By Kimberly Mirando

 

Toshiba LCD laptopToshiba, 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:

Arizona,
Arkansas
California
Florida
Hawaii
Iowa
Kansas
Main
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Nevada
New Mexico
New York
North Carolina
North Dakota
Rhode Island
South Dakota
Tennessee
Vermont
West Virginia
Wisconsin

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.
 
The case is In re: TFT-LCD (Flat Panel) Antitrust Litigation, MDL No. 1827, U.S. District Court, Northern District of California.
 

 

Updated July 18th, 2012

 

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Last Updated on Thursday, 27 December 2012 11:09

Comments   

 
#11 Yolanda 2013-04-22 10:51
I purchased a SHARP 20 inch Flatscreen LCD t.v. from BestBuy Total $432 N.Y.S...I got jerked! Where do I file?
 
 
#10 Angela 2013-01-10 20:25
I bought a sharp and my state is not listed either.
 
 
#9 Lou 2012-08-16 06:51
I live in Louisiana, but i bought toshiba, sharp, samsumg from someone else..
 
 
#8 gene 2012-07-27 16:53
whats happening with reebok class action
 
 
#7 Andrew 2012-07-27 02:52
States listed are more than likely due to physical store locations such as Best Buy. Since it lists Amazon.com as a retailer that sold these, I would definitely be looking at getting in on this if the item was purchased between 1999 and 2006.
 
 
#6 Vincent 2012-07-25 04:21
What about Ohio???..Bought a Toshiba TV and laptop in 2003?????
 
 
#5 John 2012-07-24 13:09
Why was PA excluded?
 
 
#4 John 2012-07-24 13:08
Why was Pennsylvania excluded.
 
 
#3 BETTY 2012-07-24 04:57
mine husband and i brought a toshiba tv three year ago
 
 
#2 larry scull 2012-07-23 15:55
What about those of us that live in another state.
 
 
#1 Julio E. Padin Vega 2012-07-20 09:37
I bouthg a toshiba computer for my dauther Cindy before 2012
 

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