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A $542 million settlement deal has been reached after customers claimed tech companies colluded to fix prices of cathode ray tubes.
The cathode ray tube settlement deal is worth $542 million, and was approved by U.S. District Judge Jon S. Tigar in California.
The settlement will benefit indirect buyers of the computer and television components, across 22 states. Six manufacturers, including Samsung, Toshiba, and Panasonic, are involved in the settlement.
The current settlement was reached in July thanks to mediation before Judge Tigar. Previously, the judge had approved multiple settlements over the alleged CRT price fixing, worth a cumulative $576.8 million.Â
However, the settlement deal was appealed to the Ninth Circuit and then rejected by Judge Tigar who had concerns that possible conflicts of interest could be at play in the settlement.
He stated they should not be included in the settlement because they are barred from suing for damages under federal law, whereas purchasers in other states can sue for damages because their state laws allow it.
Though the previous settlement allocated $6 million to buyers in three states excluded from the Class, buyers in states that were omitted from the Class are now represented by separate class counsel. These states include Utah, Oregon, South Carolina, Rhode Island, Massachusetts, New Hampshire, Missouri, and Arkansas.
Judge Tigar determined the new settlement better represents and serves the interest of buyers in New Mexico, Nevada, South Dakota, and Hawaii, because it assigns them separate counsel.
The CRT class action claims began in November 2007 — both direct and indirect buyers filed multiple lawsuits against electronic manufacturers.
According to the buyers, the companies colluded to fix the prices of CRTs. Allegedly, this price-fixing occurred between 1995 and 2007, and caused customers to have to pay more for cathode ray tubes than they otherwise would have if the manufacturers had not engaged in price-fixing.Â
The CRT class action lawsuits were consolidated into a multidistrict litigation in 2008, involving both direct and indirect purchasers. Â
Do you buy products from Samsung, Toshiba or Panasonic? Let us know in the comments section below.
The Indirect Purchasers Class is represented by Mario Alioto, Joseph Patane and Lauren C. Capurro of Trump Alioto Trump & Prescott LLP.
The indirect purchasers excluded from the previous settlement are represented by John Crabtree and Brian Tackenberg of Crabtree & Auslander LLC, Robert Bonsignore of Bonsignore Trial Lawyers PLLC, Theresa D. Moore of the Law Offices of Theresa D. Moore, Christoper A. Nedeau of the Nedeau Law Firm, Francis O. Scarpulla and Patrick B. Clayton of the Law Offices of Francis O. Scarpulla, Michael Noonan, William Shaheen, Christine Craig and Lucy Karl of Shaheen & Gordon PA and Joseph Alioto of the Alioto Law Firm.Â
The Cathode Ray Tube Price-Fixing Class Action Lawsuit is MDL No. 1917 In re: Cathode Ray Tube (CRT) Antitrust Litigation, Case No. 3:07-cv-05944, in the U.S. District Court for the Northern District of California.Â
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210 thoughts onJudge Approves $542M CRT Class Action Settlement
I called and spoke to a rep about my claim on 02/19/2021. It has been approved but no information on award or when checks will be sent out. He did say that maybe in April 2021 but did not seem to have any official confirmation to give.
Thanks for the update! I’ve been calling them for 2 days now April has come and gone.
Still no checks
FYI…I called again ( 1-877-224-3063 ) and spoke to a women rep about my claim on 08/27/2021 (this morning). It has been approved since last summer (06/2020) but no information on award or when checks will be sent out. She did say that that the court has not released the approval for payment but did not seem to have any official confirmation to give. I find this a little strange unless the court is dealing with appeals or the lawyers are working the interest angle?
What is going on with this? This has been going on forever. I can’t believe that there are no updates it’s like a forgotten one.
Suite against panosonic plasma ? Add me
this is the email I got from them today
All claims are still in review. No determination has been made regarding your claim’s eligibility at this time. Also, this settlement is still in appeals and no payment date for valid claims has been set at this time.
For more information, FAQs, or to view court documents, please visit the settlement website at http://www.CRTClaims.com. To speak with a claim representative, you can contact the case information line at 800-649-0963.
Sincerely,
The Office of the CRT Indirect Purchaser Settlement Administrator
MAYBE SOMEONE SHOULD CALL THE MEDIA TO GET THEM TO INVESTIGATE AND GET SOME ATTENTION TO THIS SINCE THEY WILL NOT TELL US ANYTHING.
Please add me
Please add me
I own both Panasonic and Samsung and would like to join the the Class.
I have a Panasonic 60″ Plasma and a Samsung 40″ LCD.
No check here today Monday 17th August
Still no check here also
Have they started sending out checks yes
FINALLY! Checks are out! $633.74
How many did u claim
You must be the only one lying about getting a check
People this settlement has been in the courts for years in the deadline for your name to be added has long been passed by.
That should be and
Good Day to all.7-8-2020 CRT Was approved so the check’s was be coming soon..because it was approved 3 year’s ago but 3 state’s Woods not included so they went back and gave him 29 million I hope this month we will see the money
Wow I filled this classaction 6 or 7 years ago forgot all about it.
No checks in my mail box. I being checking up every month atd so but nothing changed ? and I have a post card from CRT and still no check ?
Same here