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Great news for consumers who filed claims for the LCD indirect purchaser class action settlement: all appeals have been resolved and money could be distributed as early as September or October. Consumers and business who filed valid claims can expect to receive $25, $100, $200 or more based on the number of LCD flat screen TVs, monitors, and laptops they purchased between 1999 and 2006.
Rust Consulting, the Settlement Administrator for the LCD class action settlement, sent email notices yesterday advising claimants that the last of the appeals were dismissed on June 13, allowing Rust to move forward with concluding the necessary procedures to disperse rewards to eligible claimants.
“We are well along in the claim audit/verification process and currently expect that these activities will be completed by the end of August 2014. It is expected that Class Counsel will seek approval from the Court to disburse payment to Claimants soon thereafter. Payments will be sent to Claimants within two weeks of Court approval,” the announcement said.
Class Counsel and the State Attorneys General who joined the LCD settlement plan to request approval from the Court by Oct. 1, 2014, to distribute the funds.
Rust had originally estimated that it could take one to three years for the entire appeal process to finally be concluded.
What is the LCD Class Action Settlement?
The LCD settlement is part of a massive class action lawsuit that accused 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 Jan. 1, 1999 and Dec. 31, 2006 manufactured by one of these companies.
The deadline to file a claim for the LCD monitor class action settlement was Dec. 6, 2012. However, Class Counsel intends to recommend that the Court accept late claims submitted after the deadline until June 6, 2014.
If you would like to know the status of your claim, email the Notice Administrator at info@lcdclass.com or call the toll-free hotline at 1-855-225-1886. More information can be found at www.LCDClass.com.
Top Class Actions has been reporting on the LCD indirect purchaser class action lawsuit and settlement since 2012. We’ll continue to provide updates as they go out.
If you missed out on the LCD class action settlement, sign up for our free newsletter to receive updates on new class action lawsuits and settlements. You can also check out which class action settlements are still accepting claims in our Open Class Action Settlements section.
The LCD Price-Fixing Class Action Lawsuit Settlement is In re: TFT-LCD (Flat Panel) Antitrust Litigation, MDL No. 1827, U.S. District Court, Northern District of California.
UPDATE 1: 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.
UPDATE 2: On Oct. 27, 2014, our readers began reporting that they finally received checks from the LCD panel class action settlement. Some readers have received checks worth hundreds of dollars. Let us know how much money YOU received in the comments section below. Congratulations!
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134 thoughts onLCD Indirect Purchaser Class Action Settlement Money Expected Fall 2014
Its was Huntington Bank checks. I live in Naples, Florida. Yes…it was the LCD class. You will know its a check when you guys receive it. The envelope on the outside says LCD Indirect something.
Are they checks or postcards? And what is the check date? I hope mine comes soon!
John where are you did you get yours im in California
I got my mad money yaw. Three bills. Ain’t dat grate.
Me and husband received our checks today. Mine was 217.47 and husbands was 130.48. Wasn’t expecting them today. YAY!!!
hello where do u live? u musta had a small amount of tv’s. hollo
what date was on the check? was it a post card? are you sure it was LCD? who did this other person talk about the checks being mailed on Saturday??? Boy I hope mine is in the mail today…… This has been long enough.
THANK YOU SO VERY MUCH FOR KEEPING US UPDATED.
Check out the article from Wednesday (10/21/2014) Minneapolis Star Tribune. Checks to be mailed next Tuesday (October 28).
http://www.startribune.com/business/279973452.html
UPDATE: 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.
thanks top class
Called and was told that they are waiting for the courts green light. But it also states that it would be around four weeks.
Greg, you must didn’t read court documents, I called them yesterday on phone as well. smh
wow another rip off we will never see any of the money the lawyers will gobble up the whole amount the consumer gets ripped off and the government allows the settlement to be stolen in the legal arena just like the same deal with ford back in the 80s on the desiel trucks was promised a %250.00 return because of over priced price fixing well its 2014 and never got that so word to the wise do not look for any type of check to ever arive class action suits means the lawyers win we loose
Sounds like you didn’t read all the court documents, hope you weren’t expecting to retire from your refund/submitted claim.
The low payments are because they are allowing for late claims beyond what the judge originally consented…late claims were to be allowed up to Feb. 2013, not until Oct. 2014, everyone who filed claims prior to Dec 6, 2012 got the short end of the stick…to bad the court did not honor the rules in this case.