You could qualify for some compensation as part of a $583 million settlement between state attorneys general and many makers of LCD panel products, including laptops, computer monitors and TVs.
If you bought a flat-panel LCD product between 1999 and 2006, you are encouraged to visit www.lcdclass.com for more information, and to obtain copies of the settlement agreements and register to receive a claim form.
But you also need to check if your state is included in the settlement.
In October 2010, California Attorney General Kamala D. Harris filed a lawsuit against ten companies, alleging that they fixed prices of LCD panels from 1999 to 2006. The price fixing allegedly resulted in higher prices for California residents and businesses, and government agencies.
Harris is joined in these settlements by the attorneys general of Arkansas, Florida, Michigan, Missouri, New York, West Virginia and Wisconsin, as well as a class action brought on behalf of private claimants in the United States District Court for the Northern District of California.
The settlement resolves Harris’ claims against seven companies, along with those of seven other attorneys general and a national class action.
As part of the settlement, the companies that allegedly engaged in price fixing will provide a fund for consumers and businesses in 25 states, including California. The settling companies have also resolved claims brought by Attorney General Harris for civil penalties under California’s Unfair Competition Law, as well as restitution for government agencies that purchased the flat screen LCD panels.
The settling defendant companies are:
|Defendant||Settlement Amount||Settlement Agreement|
Chi Mei Corporation
Chimei Innolux Corporation
Chi Mei Optoelectronics USA, Inc.
CMO Japan Co., Ltd.
|$110,273,318||Click here to view Chimei Settlement Agreement|
Chunghwa Picture Tubes Ltd.
|$5,305,105||Click here to view Chunghwa Settlement Agreement|
Epson Imaging Devices Corporation
Epson Electronics America, Inc.
|$2,850,000||Click here to view Epson Settlement Agreement|
Hannstar Display Corporation
|$25,650,000||Click here to view Hannstar Settlement Agreement|
Hitachi Displays, Ltd.
Hitachi Electronic Devices (USA), Inc.
|$38,977,224||Click here to view Hitachi Settlement Agreement|
|Samsung:Samsung Electronics Co., Ltd.Samsung Semiconductor, Inc.Samsung Electronics America, Inc.||$240,000,000||Click here to view Samsung Settlement Agreement|
Sharp Electronics Corporation
|$115,500,000||Click here to view Sharp Settlement Agreement|
|TOTAL SETTLEMENT AMOUNTS:||$538,555,647|