Did you buy a laptop, TV or monitor a while back? If so, you may be owed money under a class action lawsuit settlement with major LCD manufacturers involving price-fixing charges.
If you bought a laptop, computer monitor or television with a flat-panel LCD display between 1999 and 2006, you could be eligible for damages under a collective $538 million class action settlement with Samsung, Sharp, Hitachi, Epson, Chimei, Chungwa and HannStar.
This class action lawsuit settlement only covers consumers who purchased INDIRECTLY from these companies. “Indirectly” means that you purchased a TFT-LCD panel in a television, monitor or notebook computer from someone other than the manufacturer of that panel. If you purchased DIRECTLY from the manufactures, a separate class action lawsuit settlement affects you. Go to www.TFTLCDclassaction.com for information on the LCD Direct Purchasers Class Action Settlement, which we explain in detail here.
The “indirect” LCD panel class action settlement will resolve a class action lawsuit alleging the LCD manufacturers conspired to fix, raise, maintain, or stabilize prices of TFT-LCD Flat Panels resulting in overcharges to consumers who bought products containing the panels.
Not all of the companies have settled, but those that have settled have set up a class action settlement fund of more than $538 million to pay individual and business consumers in the District of Columbia and the following 24 states:
* New Mexico
* New York
* North Carolina
* North Dakota
* Rhode Island
* South Dakota
* West Virginia
The indirect LCD panel class action lawsuit settlement also includes a “nationwide” class of any person or business that indirectly purchased in the United States a TFT-LCD panel product from one or more of the Defendants between 1999 and the present.
The amount of money you will receive from the LCD panel class action settlement, and when you will receive it, is unknown at this time because the lawyers for the Plaintiffs are pursuing lawsuits against the non-settling companies. The on-going litigation may result in additional money for Class Members.
In order to receive a payment, you will need to file a valid claim form when the claims period begins. A notice about the claims process will be made available after the conclusion of the lawsuits or as ordered by the Court.
If you want to receive a notice about the claims process or future class action settlements, you should register at www.LCDclass.com or by calling (855) 225-1886.
More information on your rights in the Indirect LCD Panel Class Action Lawsuit Settlement can be found at www.LCDclass.com.
UPDATE: The remaining three Defendants have settled, agreeing to pay an additional $543.5 million to consumers. That means claim forms for the LCD Panel Class Action Settlement will be made available in early August 2012 if the Court approves the settlement. Read about the case update here.
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.
UPDATE 10/23/14: 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.
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Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.