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Consumers who participated in a nearly $1.1 billion class action settlement over LCD panels found in laptops, TVs, and computer monitors will likely have to wait until the end of 2015 or even later before they see any money from the settlement, which was approved in April 2013.
A recent update to the Settlement Administrator’s website states that distribution of funds from the LCD class action settlement has not occurred due to a number of appeals that were filed by individuals/entitles who objected to the agreements. The appeals are pending in the 9th Circuit U.S. Court of Appeals.
“Based on experience with that court, it is expected that those appeals will not be scheduled for oral argument until the winter or spring of 2015, at the earliest. After oral argument, it could take one to three years for the entire appeal process to be finally concluded,” states Rust Consulting. “Unfortunately, distribution of Settlement Funds cannot occur until after the appeals are all resolved. Hence, at this point, the date of distribution is unknown but could be delayed for years.”
The LCD settlement is part of a massive class action lawsuit that accused 10 LCD manufacturers of entering a price-fixing scheme to fix, maintain and raise the prices of LCD panels. The companies involved in the case are: Toshiba, LG, AU Optronics, Samsung, Sharp, Hitachi, Epson, Chimei, Chunghwa and HannStar.
Under the terms of the LCD price-fixing settlement, the companies will pay a combined $1.1 billion to consumers in 24 states and Washington, D.C. that 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 these companies.
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 a somewhere 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
The deadline to file a claim for the LCD monitor class action settlement was Dec. 6, 2012. However, the ability to file a claim still remains with the stipulation that “there is no guarantee that claims filed after Dec. 6, 2012 will be accepted.” That could indicate that some claims filed after the deadline may still be reviewed and deemed acceptable.
Consumers who file a valid claim can receive between $25 and $200, according to the terms of the class action settlement agreement. Detailed claim filing instructions can be found here.
The LCD Price-Fixing Class Action Lawsuit Settlement is In re: TFT-LCD (Flat Panel) Antitrust Litigation, MDL No. 1827, U.S. District Court, Northern District of California.
UPDATE: All appeals have been resolved and payments could go out at early as September or October 2014. More info.
UPDATE 2: A federal judge reportedly gave authorization to distribute the LCD class action settlement funds at a hearing on Oct. 17. 2014, and the checks are likely to be distributed the last week in October. Read more.
UPDATE 3: On Oct. 27, 2014, our readers began reporting that they finally received checks from the LCD panel class action settlement. Some readers have received checks worth hundreds of dollars. Let us know how much money YOU received in the comments section below. Congratulations!
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8 thoughts onUpdate: LCD Class Action Settlement Money Delayed by Appeals
I did not receive payment as of 2/2/2022
UPDATE 3: On Oct. 27, 2014, our readers began reporting that they finally received checks from the LCD panel class action settlement. Some readers have received checks worth hundreds of dollars. Let us know how much money YOU received in the comments section below. Congratulations!
UPDATE 2: A federal judge reportedly gave authorization to distribute the LCD class action settlement funds at a hearing on Oct. 17. 2014, and the checks are likely to be distributed the last week in October. Read more.
Dear Claimant:
On July 24, 2014, you were sent an email advising you that all appeals in the LCD Indirect Purchaser Class Action Settlement had been dismissed and that the final steps necessary to disburse recoveries to Claimants were proceeding. This email is to provide you with an update on the status of these claim processing activities and the anticipated schedule for distributing checks. You will not receive any further email updates on the status of these procedures unless there is some significant unforeseen delay.
We have now completed the claim audit/verification process. Class Counsel and the Attorneys General submitted a motion seeking approval from the Court to disburse payments to Claimants. The Court is currently scheduled to consider the motion on October 17, 2014. After Court approval is granted, distribution checks will be mailed. It is anticipated that this will occur within four weeks of Court Approval.
You are being sent this email because you filed a claim. Receipt of this email does not mean that your claim has been deemed eligible. If you would like to know if anything further is needed for your claim, or if you have questions, email the Notice Administrator at info@lcdclass.com or call the toll-free hotline at 1-855-225-1886. Additionally, please let us know if your address changes.
Thank you,
Notice Administrator
UPDATE: All appeals have been resolved and payments could go out at early as September or October 2014. More info.
I received an e-mail (it was in my spam not in my inbox) all objections to the settlement have been rejected all valid claims should be seeing checks some time in late Aug. or early Sept.
Dear Claimant:
You previously filed a claim to share in the LCD Indirect Purchaser Class Action Settlement. As you may be aware, distribution of the settlement proceeds to Claimants had been delayed because of appeals from the Court’s approval of the settlements. All appeals have now been dismissed. Accordingly, we now can move forward with concluding the procedures necessary to disburse recoveries to Claimants. This email is to provide you with an update on the status of these claim processing activities.
We are well along in the claim audit/verification process and currently expect that these activities will be completed by the end of August 2014. It is expected that Class Counsel will seek approval from the Court to disburse payment to Claimants soon thereafter. Payments will be sent to Claimants within two weeks of Court approval.
You are being sent this email because you filed a claim. Receipt of this email does not mean that your claim has been deemed eligible. If you would like to know if anything further is needed for your claim, or if you have questions, email the Notice Administrator at info@lcdclaims.com or call the toll-free hotline at 1-855-225-1886. Additionally, please let us know if your address changes.
Thank you,
Notice Administrator
I received this today:
Dear Claimant:
You previously filed a claim to share in the LCD Indirect Purchaser Class Action Settlement. As you may be aware, distribution of the settlement proceeds to Claimants had been delayed because of appeals from the Court’s approval of the settlements. All appeals have now been dismissed. Accordingly, we now can move forward with concluding the procedures necessary to disburse recoveries to Claimants. This email is to provide you with an update on the status of these claim processing activities.
We are well along in the claim audit/verification process and currently expect that these activities will be completed by the end of August 2014. It is expected that Class Counsel will seek approval from the Court to disburse payment to Claimants soon thereafter. Payments will be sent to Claimants within two weeks of Court approval.
You are being sent this email because you filed a claim. Receipt of this email does not mean that your claim has been deemed eligible. If you would like to know if anything further is needed for your claim, or if you have questions, email the Notice Administrator at info@lcdclaims.com or call the toll-free hotline at 1-855-225-1886. Additionally, please let us know if your address changes.
Thank you,
Notice Administrator