Details on how to file a claim for the LCD panel class action lawsuit settlement have finally been released. If you purchased a laptop, computer monitor or television with a flat-panel LCD display between January 1, 1999 and December 31, 2006 manufactured by Toshiba, LG, AU Optronics, Samsung, Sharp, Hitachi, Epson, Chimei, Chunghwa or HannStar, you may be eligible to receive at least $25 cash from the class action settlement.
The LCD monitor settlement will resolve a class action lawsuit, entitled In re: TFT-LCD (Flat Panel) Antitrust Litigation, that alleges the LCD manufacturers listed above engaged in a price-fixing conspiracy to fix, raise, maintain or stabilize the prices of TFT-LCD flat panels, resulting in consumers overpaying for TVs, laptops and computer monitors containing the panels. The Defendants deny any wrongdoing, but have agreed to pay a combined $1.1 billion class action lawsuit settlement to provide refunds to U.S. consumers.
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:
To receive a cash refund from the LCD class action settlement, you must submit a claim form to the Settlement Administrator on or before December 6, 2012. Claim forms can be submitted online at www.LCDClass.com.
The amount of money you will receive from the settlement will be based on how many claims are filed as well as the number/type of LCD flat panel product you purchased, but the minimum amount you will receive is $25. A claim for the purchase of an LCD flat panel TV will be given twice the value as a claim for the purchase of a monitor or notebook computer.
Payments will be distributed after the Court grants final approval of the LCD panel settlement and any appeals are resolved. A Final Fairness Hearing is set for November 29, 2012.
Claim forms and more information on your rights in the LCD Panel Class Action Lawsuit Settlement can be found at www.LCDClass.com.
UPDATE 4/14/14: Distribution of funds from the LCD class action settlement has been delayed by appeals. The Settlement Administrator is estimating that the appeals will not be resolved until 2015 to 2018. Read more.
UPDATE 7/24/14: All appeals have been resolved and payments could go out at early as September or October 2014. More info.
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