A proposed class action lawsuit settlement has been reached involving certain Philips and Magnavox plasma televisions that allegedly contain defective parts. The proposed plasma television class action settlement will provide vouchers and/or partial cash refunds to certain consumers who submit timely, valid claim forms.
The Philips and Magnavox plasma TV settlement will resolve a consolidated class action lawsuit, entitled In re: Philips/Magnavox Television Litigation, that alleged certain flat screen televisions sold by Philips Electronics North America Corporation suffer from a design defect that causes internal components (called capacitators) to prematurely fail, resulting in the televisions becoming inoperable.
Philips manufactured and sold plasma flat screen televisions under the “Philips” and “Magnavox” brand names at major electronics retailers in the United States until 2008, when it exited the domestic consumer television business in the U.S. Philips denies any wrongdoing but has agreed to end the litigation by creating a class action settlement fund to pay out benefits to Class Members.
Class Members of the Philips plasma TV class action settlement include anyone who purchased new or received as a gift a new Philips or Magnavox plasma television in the U.S. containing one of the following model numbers with a serial number reflecting a manufacturing date between November 1, 2005 through December 31, 2006:
Class Members have been divided into five categories, with each category entitled to a different level of benefits from the proposed Philips/Magnavox plasma TV settlement. Your settlement benefits will depend on the following:
* Whether you previously contacted Philips to complain about the problems at issue in this case.
* Whether your Philips Plasma TV exhibited a problem with capacitors on the power supply board.
* Whether you previously paid to have your Philips Plasma TV repaired due to a problem with capacitors on the power supply board.
* Whether you already obtained any refund from a Philips-related entity or any retailer for your Philip Plasma TV(s). Anyone that has already obtained any refund from a Philips- related entity or a retailer in connection with the Philips Plasma TV(s) for which the Settlement Class Members seek relief here is excluded from the Settlement Class.
Depending on which class action settlement category you fall under, you can file a claim to receive a settlement voucher worth up to $145 or $160, or a cash payment of $55 or $65 for each new Philips plasma TV you purchased or received if you can provide proof of purchase/receipt. If you do not have proof, you can file a claim to receive a voucher for either 20%, 30% or 50% of the settlement money that corresponds to the category you fall under.
To receive a voucher or cash payment under the Philips plasma TV class action settlement, you must submit a valid claim form and the requested paperwork about your claim by February 28, 2012
. Claim forms and more information about how to determine which settlement category you fall under can be found at www.PhilipsPlasmaTVSettlement.com
Detailed information about how to file a valid claim and receive your share of the Philips/Magnavox Plasma Television Class Action Lawsuit Settlement
can be found in our Open Lawsuit Settlements