$1.1 Billion LCD Price-Fixing Class Action Settlement

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Details on how to file a claim for the $1.1 billion LCD class action lawsuit settlement have arrived. If you purchased a TV, laptop or computer monitor containing an LCD flat-panel screen between 1999 and 2006, you may be eligible to receive $25, $100, $200 or more from the LCD price-fixing settlement.

The best part? No receipts or other documents are required to file a claim!

The LCD settlement will resolve a class action lawsuit (titled In re: TFT-LCD (Flat Panel) Antitrust Litigation, MDL NO. 1827) accusing 10 LCD manufacturers of entering a price-fixing scheme to fix, maintain and raise the prices of LCD panels.  The companies involved in the case are: Toshiba, LG, AU Optronics, Samsung, Sharp, Hitachi, Epson, Chimei, Chunghwa and HannStar.

Under the terms of the LCD price-fixing settlement, the companies will pay a combined $1.1 billion to consumers in 24 states and Washington, D.C. that 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 these companies.

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

The amount of money you can receive from the LCD price-fixing settlement will depend on the number of products purchased and the number of valid Claim Forms filed. According to the Settlement Administrator website, however, this amount could be anywhere from $25 to $200 or more.

The only way to receive money from the LCD class action lawsuit settlement is to submit a valid Claim Form by the deadline of December 6, 2012.

Claim Forms and more information on your rights in the LCD Panel Price-Fixing Class Action Lawsuit Settlement can be found at www.LCDClass.com. The Final Fairness Hearing is scheduled for November 29, 2012. Detailed instructions on how to file a claim for the LCD settlement can be found in our Open Lawsuit Settlements section.

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.