CAC & WRA/WLA PARTNERSHIP PORTAL
WRA and WLA has approved Class Action Capital to offer it members information related to $63 million in possible refunds
Summary of Washington State LCD Flat Panel Antitrust Settlement
WRA and WLA has approved Class Action Capital, a market leader in class action settlement claim management. Class Action Capital is already successfully working with a large number of hotels and restaurants across the country helping to recover substantial refunds on their behalf from a recent class action settlement totaling approximately $63 million. We are excited to now offer our value add services to their members.
Class Action Capital’s pricing model is simple in that we work on a commission basis whereby we receive a percentage of the client’s financial recovery and only receive our fee when our client recovers. Once you sign up for our claim management service, we will immediately get to work building and preparing a comprehensive claim.
Our claim management authorization is immediately below. Also contained below is detailed information on the settlement opportunity, as well as further information on Class Action Capital and our claim management services.
WHAT IS THIS SETTLEMENT ABOUT?
The Washington State Attorney General alleged that the named LCD Flat Panel manufacturers participated in cartel meetings in which they allegedly exchanged price information and agreed to fix LCD Flat Panel prices and manipulate the supply of panels to artificially increase prices. The complaint alleged that the conduct of the Defendant manufacturers resulted in overcharges to Washington consumers who bought products containing an LCD Flat Panel. The Defendants agreed to settle the lawsuit without admitting to the allegations in the complaint. The settlement is on behalf of Washington governmental entities and Washington individual and business consumers who purchased a product containing an LCD Flat Panel from a retailer or someone other than the company that manufactured the component part.
HOW MUCH SETTLEMENT MONEY IS AVAILABLE?
$63,000,000
Settlement funds are derived from the Settling Defendants as follows:
- AU Optronics: $12.5MM Chimei: $8.75MM Chunghwa: $428,235
- Epson: $2.7MM
- Samsung: $12.94MM
- Hitachi: $5.2MM
- Sharp: $6.75MM
- LG: $13MM
- Toshiba: $950,000
WHAT IS AN LCD FLAT PANEL?
LCD Flat Panels (thin film transistor liquid crystal display flat panels) are the glass display panels used in the following products relevant to this lawsuit and settlement:
LCD TVs, flat-screen monitors, notebook computers, and color-screen iPods purchased between January 1, 1998 and December 1, 2006; and
Color-screen cell phones purchased between January 1, 2004 and December 1, 2006.
IS YOUR COMPANY ELIGIBLE FOR THE SETTLEMENT?
The Washington State Attorney General reached a settlement on behalf of Washington consumers (individuals and businesses). You are eligible to participate in the settlement if you or your business:
- Purchased an LCD Flat Panel product between January 1, 1998 and December 1, 2006; and
- Resided or had headquarters in Washington at the time of purchase; and
- Purchased the LCD Flat Panel product from a retailer or someone other than the manufacturer of the component screen; and
- Purchased the LCD Flat Panel product for your own use and not for resale.
WHO ARE THE DEFENDANTS?
The Defendants are the following manufacturers and/or suppliers of LCD Flat Panels:
AU Optronics (AU Optronics Corp. and AU Optronics Corp., America); Chimei (Chimei Innolux Corp. and Chi Mei Optoelectronics USA, Inc.); Chunghwa (Chunghwa Picture Tubes, Ltd.); Epson (Epson Imaging Devices Corp. and Epson Electronics America, Inc.); Hitachi (Japan Displays East, Inc., f/k/a Hitachi Displays, Ltd.); LG (LG Display Co., Ltd. and LG Display America, Inc.); Samsung (Samsung Electronics Co., Samsung Semiconductor, Inc., and Samsung Electronics America, Inc.); Sharp (Sharp Corp. and Sharp Electronics Corp.); Toshiba (Toshiba Corp., Toshiba America Electronic Components, Inc., Toshiba America Information Systems, Inc., and Toshiba Mobile Display Technology Co. Ltd.).
WHEN IS THE DEADLINE TO FILE A CLAIM?
September 30th, 2016