Cathode Ray Tube Indirect Purchaser Antitrust Class Action This Is Not an Official Court Notice
Total Page:16
File Type:pdf, Size:1020Kb
Class Action Summary Cathode Ray Tube Indirect Purchaser Antitrust Class Action This is not an official Court Notice. Information contained in this Summary is subject to change. Class Counsel or the Settlement Administrator may be contacted for additional settlement information. You also may visit the court approved website at www.crtsettlement.com. Please understand that you have the right to file on your own. If you or your business purchased Cathode Ray Tube Products from March 1, 1995 through November 25, 2007, you may be entitled to participate in the $563 million in class action settlements. Filing Deadline: No Claim Forms are available at this time. No claim filing deadline has been set. Eligible Class Members: All persons and/or entities (excluding resellers and federal, state or local governmental entities), who or which in the “Eligible Jurisdictions” (as defined below), from March 1, 1995 through November 25, 2007, indirectly purchased, not for resale, “CRT Products,” which are cathode ray tubes of any type (including color display tubes and color picture tubes) and finished products that contain cathode ray tubes (such as televisions and computer monitors) manufactured by one of the “Defendants” (as defined below) or their co-conspirators, subsidiaries or affiliates. You are an “indirect” class member if you purchased CRT Products indirectly from any entity other than the Defendants, that is, from an intermediary, such as a retail store or supplier. There are separate settlements that include as eligible class members all persons and entities who or which purchased CRT Products directly from the Defendants. “Defendants”: The Defendants include: 1) Chunghwa Picture Tubes Ltd.; Chunghwa Picture Tubes (Malaysia) SDN. BHD (“Chunghwa”); 2) LG Electronics Inc.; LG Electronics USA, Inc.; LG Electronics Taiwan Taipei Co., Ltd. (“LG”); 3) Koninklijke Philips N.V. (f/k/a Koninklijke Philips Electronics N.V.); Philips Electronics North America Corporation; Philips Taiwan Limited (f/k/a Philips Electronics Industries (Taiwan), Ltd.); Philips do Brasil, Ltda. (f/k/a Philips da Amazonia Industria Electronica Ltda.) (“Philips”); 4) Panasonic Corporation (f/k/a Matsushita Electric Industrial Co., Ltd.); Panasonic Corporation of North America; MT Picture Display Co., Ltd.; and an affiliate of Panasonic Corporation, Beijing Matsushita Color CRT Co., Ltd. (collectively “Panasonic”); 5) Hitachi, Ltd.; Hitachi Displays, Ltd. (n/k/a Japan Display Inc.); Hitachi Electronic Devices (USA), Inc.; Hitachi Asia, Ltd.; Hitachi America, Ltd. (“Hitachi”); 6) Toshiba Corporation; Toshiba America Information Systems, Inc.; Toshiba America Consumer Products, L.L.C.; Toshiba America Electronic Components, Inc. (“Toshiba”); and 7) Samsung SDI Co. Ltd; Samsung SDI America, Inc.; Samsung SDI Brasil, Ltda.; Tianjin Samsung SDI Co., Ltd.; Shenzhen Samsung SDI Co., Ltd; Samsung SDI Malaysia Sdn. Bhd; Samsung SDI Mexico S.A. de C.V. (“Samsung SDI”). There are several other manufacturers and sellers of CRT Products who were not named as defendants but were alleged to be co-conspirators with respect to this litigation. These companies include: LG.Philips Displays, a/k/a LP Displays International, Ltd.; IRICO Group Corporation; IRICO Display Devices Co., Ltd.; IRICO Group Electronics Co., Ltd.; Thai CRT Company, Ltd.; Samtel Color, Ltd.; Orion Electric Company, Ltd.; Thomson SA n/k/a Technicolor SA; Thomson Consumer Electronics, Inc.; Videocon Industries, Ltd.; Mitsubishi Electric Corporation; Mitsubishi Electric & Electronics USA, Inc.; and Mitsubishi Digital Electronics Americas, Inc. Sony Corporation is not a Defendant and is not alleged to have participated in the alleged conspiracy. Purchases of Sony® branded CRT Products are not eligible to be included in claims filed for this settlement. “Eligible Jurisdictions”: AZ, CA, FL, HI, IA, KS, ME, MI, MN, MS, NE, NV, NM, NY, NC, ND, SD, TN, VT, WV, WI and the District of Columbia. The class periods for Hawaii, Nebraska and Nevada begin later than the class periods for the other states. Case History: Several class actions were filed in 2007 alleging that the Defendants conspired to raise and fix the prices of CRT Products, which resulted in overcharges to consumers who bought CRT Products. These class actions were consolidated in the Northern District of California and settlements have now been reached totaling $563,000,000 between the Defendants and the class. At this time, the Court has granted approval for the settlements with Chunghwa and LG for $35 million. The settlements with Philips, Panasonic, Hitachi, Toshiba and Samsung, totaling $528 million are currently pending Court approval. The settlement funds (less expenses, noticing costs and fees) will be distributed to the class at the completion of a claims process. To learn more about our services, visit www.FRSco.com The Services FRS Provides: Financial Recovery Strategies (FRS) is an asset recovery and cost reduction firm that specializes in, among other services, class action settlement claims recovery consulting; we are not a court appointed claims administrator or class counsel. You have the right to file a claim on your own and to not hire FRS to participate in the monetary relief provided by the above-referenced settlement(s). FRS believes, however, that there are services that we provide that may increase your recovery and that are unlikely to be provided by a claims administrator or by class counsel. If you hire FRS and become an FRS client, we will work within your guidelines to manage the claims process: FRS will notify you when we learn of valuable settlements in which you may be eligible to participate; we will take action to enhance the likelihood that all of your eligible business units (e.g., subsidiaries, divisions, acquisitions and divestitures) are included in the claim process; we will provide advice on what, if any, documents need to be collected and maintained, and, when requested, we will assist in that effort; to reduce the support needed from your in-house staff when required documents are not available or are too burdensome to collect, we will negotiate on your behalf, where possible, to develop alternate means to satisfy documentation requirements; we will prepare, assemble and submit your claim package, and manage it throughout the claims processing phase, including working with you to address any concerns or questions the claims administrator may have; we will provide regular updates on the recovery process and all related developments; we will audit your payment to assure that it has not been under calculated; and we will follow up with you to assure that your recovery check is deposited. FRS’s recovery specialists are always available to answer any questions you may have. FRS is paid an agreed-upon contingent fee only from the recovery we obtain on your behalf. How to Retain FRS: To retain FRS to file and manage a claim on your behalf, we must receive a signed copy of an Authorization Agreement. If you wish to hire us, it is important that, before you send the executed Authorization Agreement to our office, you understand its terms and make sure that your basic information at the top of the page is correct. Financial Recovery Strategies 80 Wesley Street, South Hackensack, NJ 07606 www.FRSco.com Phone: (201) 853-0300 Fax: (201) 853-0301 .