Last updated on April 19, 2014 at 9:20 EDT

Consumers of LCD Flat Screen TVs, Monitors and Laptops Can Share in a $1.1 Billion Settlement Fund

October 18, 2012

SAN FRANCISCO, Oct. 18, 2012 /PRNewswire/ — The following is being released by the law firms of Zelle Hofmann Voelbel & Mason LLP and the Alioto Law Firm.

To view the multimedia assets associated with this release, please click: http://www.multivu.com/players/English/58577-lcd-price-fixing-class-action-settlement/

(Photo: http://photos.prnewswire.com/prnh/20121018/MM92025 )

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 indirectly from retailers and resellers, and not directly from the original manufacturer of the LCD flat panel screens.

Co-Lead Class Counsel Joseph M. Alioto says: “This class action against international price fixers allows individual class members to recover a significant portion of what was illegally taken from them and acts as a warning to large corporations that price fixing on consumer electronic products will be successfully prosecuted.”

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 Japanese firms Hitachi, Sharp and Toshiba, Korean firms Samsung and LG Electronics and Taiwanese firms AU Optronics, Chunghwa Picture Tubes, HannStar Display Corp. and Chi Mei Optoelectronics.

To get more information about the Settlements or to file a claim online, please visit www.LCDclass.com or call the number 1-855-225-1886.


LCD Settlement Notice Administrator

SOURCE Zelle Hofmann Voelbel & Mason LLP; Alioto Law Firm

Source: PR Newswire