Www.LCDclass.com – LCD Panel Class Action Lawsuit Settlement
You may be able to take part in the LCD Panel Class Action Lawsuit Settlement at www.LCDclass.com if you bought an equipment that had a flat panel LCD display. This could be anything from a laptop, a computer monitor or even a television. You should have bought this from between 1999 to 2006. This settlement is from the major LCD manufacturers for price fixing issues. This means that the customers who bought these products were overcharged.
The LCD Panel Class Action Lawsuit Settlement is for $538 million and from such large companies such as Samsung, Sharp, Hitachi, Epson, Chimei, Chungwa and HannStar. This is only for those who bought the LCD panels indirectly from these companies. This means that you bought the product from someone else and not directly from the manufacturer. There is a different class action lawsuit settlement for those who bought the product directly from the companies. This is the LCD Direct Purchasers Class Action Lawsuit Settlement and can be found at www.TFTLCDclassaction.com.
The companies who decided not to settle include Toshiba, AUO and LGD. So if you bought the product indirectly from these companies, you will not be able to take part. If you wish to take part in the direct settlement, you can go to the website at www.LCDclass.com to get more information on due dates. You must submit all your requests and documentation if you wish to take certain legal actions. For example, if you want to exclude yourself from this, then you must submit a written request for exclusion by April 13, 2012. If you want to object, you must submit a written request by April 13, 2012. If you want to attend at the Fairness Hearing, you must submit your written notice by April 13, 2012. The Fairness Hearing itself will be held on May 18, 2012.
You also need to be aware that not all states are included. So if your state is not listed, you cannot make a claim. The reason for this could be because of difference in the state laws. There are 24 states and DC where you can claim for this. Each of the companies will pay a different amount for the settlement. Chimei has settled for $110,273,318. Chunghwa has settled for $5,305,105. Epson has settled for $2,850,000. HannStar has agreed to pay $38,977,224. Samsung has agreed to pay $240,000,000. Sharp will settle for $115,500,000.
There is no information yet as to when you will get the payments. The lawyers said that they intend to purse the lawsuits against those companies who have decided not to pay. Only after these other litigations have been completed will any payments be made. So what does this mean for you. It just means that you have to wait longer than normal. Usually you have to wait quite a while before you see any money in any settlement. In this case the wait is even longer. So do not expect anything soon. However, the good news is that if the companies who are not settling now decide to finally settle, you may end up with more cash.
How much you get depends on how many Flat Panel products you bought within the class period. In addition, the payment also depends on how many people make valid claims. The more people who make valid claims, the less you will actually end up with. So this means that you will have to submit a valid claim form if you wish to get any compensation. Right now there are no claim forms yet. However, you can register at the settlement website and you will then be notified when the claim forms become available. There is also a phone number that you can call if you wish to talk to someone and get your claim form that way. So make sure you register or keep checking the settlement website.
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