Illegal conspiracy to raise prices results in $1.1 billion settlement
Leading electronics manufacturers, among them names such as LG Electronics, Samsung, Toshiba, have settled a lawsuit that involves an illegal conspiracy to raise prices for LCD flat panel screens used in laptops, monitors a nd televisions.
The settlement sum is $1.1 Billion and you as a consumer, can share in this settlement fund.
Consumers and businesses who bought televisions, laptops or monitors with LCD flat panel screens, can file a claim by either going to lcdclass.com or calling the number 1-855-225-1886 by December 6, 2012. How much you can claim depends on the number of devices you have bought. Also, to get cash from this settlement, you need to have bought the devices between 1999 and 2006 in the District of Columbia or in any of the following 24 states: Arizona, Arkansas, California, Florida, Hawaii, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Mexico, New York, North Carolina, North Dakota, Rhode Island, South Dakota, Tennessee, Vermont, West Virginia, Wisconsin.
“This class action against international price fixers allows individual class members to recover a significant portion of what was illegally taken from them and acts as a warning to large corporations that price fixing on consumer electronic products will be successfully prosecuted, ” says Co-Lead Class Counsel Joseph M. Alioto.