A class action lawsuit totaling over $538 Million may affect you if your purchased a TV, Monitor, or Notebook Computer that used a TFT-LCD Flat Panel Screen. This class action lawsuit is in the jurisdiction of the United States District Court for the District of Northern California. A settlement fairness hearing will be held on 04-13-12 to determine the settlement is just and fair. If you would like to speak at the hearing you must do so by request. If you do not make a request you will not be allowed to speak at the hearing. You must mail your notice of intent to speak along with your name, address, telephone number and your signature to: Clerk’s Office United States District Court for the District of Northern California, 16th Floor , 450 Golden Gate Avenue, San Francisco, CA 94102. The heating will be held at the Northern District of California, Courtroom 10, 19th Floor 450 Golden Gate Avenue, San Francisco, CA 94102. All objections and exclusion are due by April 13, 2012. The lawsuit revolves around the defendants artificially raising prices in order to profit more from the customer.
The Defendants deny all wrong doing in the lawsuit and/or that indirect purchasers suffered any overcharges. The court will determine who is right or wrong in this case. The total amount of the propose settlement is $538,555,647 and there are 7 different classes. More class information can be found at the settlement administrators web portal LCDclass.com. The Chimei Settlement fund will pay $110,273,318, the Chunghwa settlement fund will pay $5,305,105, the Epson fund will pay $2,850,000, the HannStar settlement fund will provide $25,650,000, Hitachi $38,977,224, Samsung $240,000,000 and Sharp will pay $115,500,000 into the Settlement Fund. At this time it is unknown how much any given class member will receive. Any monies left over after class members have been paid will go to charity. The case is entitled In re TFT-LCD (Flat Panel) Screen Antitrust Litigation, MDL No. 1827. Check back for more updates as the case continues.