Sarah Mirando  |  July 18, 2012

Category: Legal News

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Toshiba LCD laptopToshiba, LG and AU Optronics joined the largest antitrust class action lawsuit settlement in history last week, agreeing to pay consumers $543.5 million for their roles in an alleged price-fixing conspiracy for LCD panels contained in TVs, laptops and computer monitors. The three companies join seven other LCD manufacturers who reached a $538.5 million class action settlement in December 2011 after being caught price-fixing LCD screens. This brings the total payment to consumers covered by the LCD class action lawsuit settlement to nearly $1.1 billion in refunds.

The LCD panel class action lawsuit settlement will provide refunds to U.S. consumers in 24 states and the District of Columbia who 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 the following companies: Toshiba, LG, AU Optronics, Samsung, Sharp, Hitachi, Epson, Chimei, Chungwa and HannStar. The companies also agreed to pay a combined $42.2 million in civil penalties.

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 someone 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

On July 11, 2012, the Court granted final approval to the first seven settlements totaling over $538 million. The three new settlements with Toshiba, LG and AU Optronics have been submitted to the Court for preliminary approval. Once approval is received, Claim Forms will be made available to Class Members in early August 2012. Information about how much money you can receive from the LCD settlement will also be made public at that time.

Keep checking Top Class Actions for details on how to file a claim for the LCD Panel Class Action Lawsuit Settlement as soon as they’re made public. More information on the case can also be found at www.LCDClass.com.

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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18 thoughts onLCD Manufacturers Reach Historic $1.1 Billion Class Action Settlement

  1. Hens says:

    I called to check if a check was mailed out they told me im registered but didnt file a claim that doesnt make sense and bullsh.t

  2. Top Class Actions says:

    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.

  3. Top Class Actions says:

    UPDATE 7/24/14: All appeals have been resolved and payments could go out at early as September or October 2014. More info.

  4. jennell says:

    Just restoration three years restoration

  5. jennell says:

    No need to worry now!!

  6. Top Class Actions says:

    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.

  7. jennell says:

    Has Anyone heard when the payments are going out

  8. Yolanda says:

    I purchased a SHARP 20 inch Flatscreen LCD t.v. from BestBuy Total $432 N.Y.S…I got jerked! Where do I file?

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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.