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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.
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.
The CRT class action lawsuits were consolidated into a multidistrict litigation in 2008, involving both direct and indirect purchasers.
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.
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.
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210 thoughts onJudge Approves $542M CRT Class Action Settlement
I think they are using all our info to perpetratrate a scam against us. A lot can be done with name and email address. I’ve been getting messages asking for my address to deliver packages. Just more info for them to use. They don’t identify themselves.
It’s bogus, i claimed i purchased several crt’s over the years. I never received anything, money or otherwise.!
I bought several products during the timeframe?
It’s February 3 and still no check’s what’s going on CRT.
The mail I received was not a check, it was a letter from another CRT Direct class action out of CA, that is going to court in February of this year. I am still waiting on a paper check from the original one, hopefully next week.
I got a check in the mail today from CRT for $420.89. I just about fell over. I couldn’t believe it. I didn’t think anything would come of it honestly it’s been going on so long. Hope you get yours soon. Have a great day.
I have something coming from the CRT claim in Florida in informed delivery tomorrow. I will let everyone know if it is a check, or not, when I get it.
These settlement administration lawyers are not fair. For the same quantity of the claimed CRT, I received $25, while someone in Wisconsin got $400+! I don’t know what criteria they based their calculations on, but definitely not the mathematical one.
What a bonehead statement, you don’t have a clue how many someone else claimed. Additionally $25 was the minimum amount and was paid to those who were asked for additional documentation and did not respond or it was not sufficient.
I am in Wisconsin and have yet to receive a disbursement. Does anyone know if they were all mailed on the same date?
Name calling is your go-to? Jeez. Try to be helpful and informative. It doesn’t cost anything to be kind.
A mailing is showing in my Informed Delivery for Tuesday from “Cathode Ray Tubes Antitrust Litigation QSF” Hingham, MA.
Yeah, something in informed delivery, and it doesn’t really look like a check, but I’m hoping it is.
I have a letter coming also.
only got 36 bucks
I see the same thing…but as someone else said, it doesn’t quite look like a check. :-( I’ll have to wait a few more hours until I get home to find out.
They are c h ecks $404 rec in Wis. today
Same amount 404.00
How are you all being notified? USPS? What source is it. I’m getting notifications on packages via UPS but no company name?
I saw the same thing in my informed delivery as well. Here’s to hoping it’s a check, but it honestly doesn’t look like one.
$461.15 today
Nice! I received $64.00
What is informed delivery? Why wouldn’t they have our address, didn’t we give it to them when we made a claim?
Thanks
I only got $57.78. I see some got $400+.
I received $118
No one has received anything from this settlement, these people are stealing our money for Christmas. They need to be investigated.
I agree they need to be investigated. They gave us false information. It takes maybe 7 days to receive mail from post office. Nov. 30 checks mailed December 22nd no check. They are lying..
I was told to call attorney general in your state and report the Notice Company is wrong
Reseller checks will be issued early to mid November, enduser or indirect purchasers will issued by end of November.
No check today 12/7
No ✔️
12/14 ? No check
It’s December 2023 now and nothing from them