CRT Direct Purchase Class Action & Settlement
Written by Welcome on May 28, 2015
CRT (Cathode Ray Tube) Direct Purchase Class Action & Settlement
Before the advent of the flat-screen television, the cathode ray tube television (or computer monitor) was the preferred technology. Recently, a class action settlement pertaining to cathode ray tubes (and the televisions and monitors that used this technology) was reached. The class action pertained to antitrust allegations that certain manufacturers conspired to fix the price of cathode ray tubes, thereby causing economic harm to those who purchased cathode ray tubes directly and those who purchased electronic equipment that contained the technology.
The Defendants in the Case
The class action was brought against multiple defendants. The most notable of those defendants is LG Electronics, a company that should be familiar to television and cell phone owners everywhere. In addition, the class action was also brought against Chunghwa Picture Tubes Ltd., who is a manufacturer of cathode ray tubes and other consumer electronics products.
These are not the only defendants in the class action, however. In fact, there are several others, but they have, as of yet, failed to reach a settlement in the suit. These defendants include notable brands like Toshiba, Panasonic and Samsung. It is possible that these brands will settle as the other defendants mentioned have, however, such a settlement has yet to be reached.
Who Can Make a Claim Through the Settlement?
The class period for this settlement covers a long period of time. Anyone who purchased a cathode ray tube or a product containing one from the defendants who settled between the period of March 1, 1995 to November 25, 2007 is eligible to make a claim. As mentioned earlier, those who made purchases from one of the other defendants named in the class action will have to wait for those defendants to settle or for the case to be fully adjudicated.
Aside from the timeline, the class is limited to residents of certain states. In total, residents from 21 states, as well as the District of Columbia, are able to make a claim through the class action settlement. For a full list of the states whose residents are eligible, you can consult this website.
What Is Needed to Make a Claim?
In order to make a claim, you will need to be able to provide a proof of purchase. At this time, this proof of purchase must be for a product manufactured by LG Electronics or Chunghwa Picture Tubes Ltd. If you do not have a proof of purchase, merely having a product manufactured by one of these parties that falls within the class period outlined may suffice. However, that will depend upon the circumstances and whether you are able to successfully prove that the product was purchased during the class period.
Given that the class action is still pending against other defendants, it is advisable that you retain any proof of purchase for a television or computer monitor containing a cathode ray tube from the other defendants. It is possible that those parties may settle in the future or that the case will be fully adjudicated.
How Much is a Claim Worth?
At present, a claim made in this class action does not yield any monetary reward. However, that may likely change in the future. For the moment, the lawyers handling the case are optimistic that they will be able to reach a settlement with the other defendants. At that time, a monetary reward for members of the class would be calculated and disbursed.
What Should I Do?
If you believe that you are a member of the affected class, then you should retain any proof of purchase you have and submit a claim. Otherwise, if you own a product from one of the manufacturers that has not settled yet, then remain apprised of the case and its developments.