Consumers of LCD Flat Screen TVs, Monitors and Laptops Can Share in a $1.1 Billion Settlement FundOctober 22, 2012
Zelle Hofmann Voelbel & Mason LLP has announced that ten leading electronics manufacturers have settled lawsuits involving an illegal conspiracy to raise prices for the LCD flat panel screens used in televisions, monitors, and laptop computers. The class action Settlements total approximately $1.1 billion and provide cash back to consumers and businesses that bought widely used LCD (thin-film transistor liquid crystal display) screens.
Eligible consumers will be able to collect $25, $100, $200 or more by answering a few simple questions about the number of LCD flat screen TVs, monitors, and laptops they bought from 1999 to 2006. The exact amount of each payment will depend upon the number of products purchased and the number of claims filed. No receipts or other documents are required for small claims. Consumers have until December 6, 2012 to file a claim. Claims can be filed online at www.LCDclass.com.
Cash is available to consumers and businesses in the District of Columbia and the following 24 states: Arizona, Arkansas, California, Florida, Hawaii, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Mexico, New York, North Carolina, North Dakota, Rhode Island, South Dakota, Tennessee, Vermont, West Virginia and Wisconsin.
The $1.1 billion Settlement is the largest antitrust all-cash class action recovery ever obtained for consumers, who bought these electronic products from retailers and resellers, and not directly from the original manufacturer of the LCD flat panel screens.
Zelle Hofmann partner and Co-Lead Class Counsel, Francis O. Scarpulla, comments that: "Consumers and businesses that overpaid for these products can get significant cash through a claims process that has been designed to make it quick and easy to file a claim online. People should act now before the December 6th deadline."
The Settling Defendants are Korean firms Samsung and LG Electronics, Taiwanese firms AU Optronics, Chunghwa Picture Tubes, HannStar Display Corp. and Chi Mei Optoelectronics, and Japanese firms Hitachi, Sharp and Toshiba.
To get more information about the Settlements or to file a claim online, please visit www.LCDclass.com or call the number 1-800-000-0000.
LCD Settlement Notice Administrator
PRESS CONTACT: Francis O. Scarpulla, 1-415-633-1929