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Class Members who filed claims for the LCD price-fixing settlement may finally receive checks in the mail as early as next week.
According to the LCD price-fixing settlement website, the claims audit and verification process has been completed and the court was scheduled to make a determination about whether to distribute the funds on Oct. 17. Details of the hearing have not yet been made public.
Although the LCD class action settlement website has not yet been updated, it has been reported that checks may go out as early as next week. More than 233,000 checks will reportedly be mailed to businesses and consumers in 24 states. Claimants are expected to receive $43.49 per laptop or monitor and $86.98 per television.
The LCD panel class action lawsuit was filed in 2006 following an investigation into allegations the world’s largest LCD manufacturers had conspired to fix the price of flat screen panels since 1999. Several companies have pleaded guilty and been convicted of criminal charges related to the antitrust allegations. The companies have reportedly paid more than $1 billion in fines.
The LCD class action lawsuits alleged consumers were overcharged for electronic devices with flat panels due to the price-fixing scheme. They were eventually consolidated in multidistrict litigation (MDL) titled In re: TFT-LCD (Flat Panel) Antitrust Litigation.
The companies named in the flat panel class action lawsuit include AU Optronics, Chi Mei Optoelectronics, Chunghwa Picture Tubes, HannStar Display Corp., Hitachi, LG, Samsung, Sharp and Toshiba. There have been a total of 10 LCD class action settlements that, when combined, are worth close to $1.1 billion.
Class Members of the LCD antitrust class action settlement include consumers in 24 states who purchased televisions, laptops and desktop computers with LCD screens between Jan. 1, 1999 and Dec. 31, 2006.
The LCD price-fixing settlement is not only the largest settlement of its kind in U.S. history, but it is also one of the most consumer-friendly settlements to date. The deadline to file a claim for the LCD class action settlement passed on Dec. 6, 2012.
Top Class Actions has been reporting on the LCD indirect purchaser class action lawsuit and settlement since 2012. If you receive a check from the LCD class action settlement, let us know in the comments section below.
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 indirect purchaser plaintiffs are represented by Zelle Hofmann Voelbel & Mason LLP and Alioto Law Firm.
The LCD Price-Fixing Class Action Lawsuit is In re: TFT-LCD (Flat Panel) Antitrust Litigation, Case No. 3:07-md-01827, in the U.S. District Court for the Northern District of California.
UPDATE: 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!Â
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291 thoughts onLCD Price-Fixing Settlement Checks to Be Mailed Next Week
I did not get my check and when I called Rust Consulting I was told I was too late and the folder was closed. I asked what happened of the money for unpaid claims I was told the money was given to Charity. ????? I wrote to Rust Consulting for copy of the check they say they had mailed. I am still waiting.
Marie
Received my check for $86.99 today…3/2/15. Should have been $86.98. I do not believe it to be legit. I see many other posts stating they received a check for an amount which does not come close to being divisible by $43.49. Cannot find anywhere online to verify any of this. I doubt this webpage is legit.
Got my $1,300 check! Now I can afford to get all my annal warts removed. Wish I could afford to get that big annal wart in the White House removed.
In nh got mine today..
Are they all from LCDI Indirect Class with c/o Rust Consulting, Inc and Huntington bank?
YUP, MY FRIEND GOT HIS CHECK TODAY TO, NOW WE CAN GO CHRISTMAS SHOPPING. THANKS T.C.A, AND HAPPY HOLIDAYS TO ALL.
I finally received my check thanks,topclassaction!
Hello All I called 10 minutes ago and asked when my check would be resent and was told it would be mailed by Friday and at the latest Monday, December 15, 2014…Hope this helps!!!!!
Got mine today, very grateful, very grateful
@Allen W no they dont forward the check they put a stop payment on the check and you have to wait4-6weeks.
DIDNOT RECIEVE A CHECK. DO THEY FOWARD YOUR PAYMENT TO A NEW ADDRESS?