Published
February 24, 2023
The $576.75 million CRT price-fixing settlement resolved claims against nine tube-TV and monitor makers; checks were mailed to end-users and resellers. Claims are closed.
What's This Settlement About?
A $576,750,000 Class Action Lawsuit has been settled with nine manufacturers of CRT products. The $576 Million settlement has already been closed. However, there was a newer class action settlement for $33 Million that has also since been closed. The $33M CRT class action settlement had a deadline to file a claim of June 13, 2023."CRTs" are Cathode Ray Tube screens, such as computer monitors and televisions. CRTs were predominant in the market before the advent of plasma, LCD, LED, and OLED screens. An amendment to the CRT class action lawsuit provided for a reduction in the total settlement fund from $576,750,000 to $547,750,000 plus accrued interest.
The CRT Class Action Settlement received final approval by the Court on July 13, 2020. Payments for CR resellers are currently being paid out and checks are reportedly in the mail to folks as of December 2022. For ordinary end-user, the estimated payout dates are aimed to begin in the beginning of December 2022. The nine companies that settled the CRT class action lawsuit are as follows:
• LG
• Panasonic
• Phillips
• Hitatchi
• Toshiba
• Samsung SDI
• Thomson CRT's
• TDA
• Chunghwa
The class action affected both end-users, or ordinary purchasers of computer and television monitors, as well as resellers or stores that bought wholesale, and sold CRT screens retail to consumers.
Status
Claims Closed
Payments sent to end-users and resellers
Claim Deadline
May 5, 2020 (Passed)
Estimated Payout
~$23–$25
Pro rata from the $576.75M fund (reduced to ~$547.75M)
Proof Required
No
How Do I Qualify?
The CRT (Cathode Ray Tube) Class Action Lawsuit is closed to any new claims. To qualify, the deadline to file a claim was May 5, 2020.What Can I Get?
The minimum payment amount is estimated to be $25 per claim but may be further reduced. The total settlement amount of $576,750,000 will be divided among end-user claims and reseller claims that were found valid, after subtracting attorney fees and court fees and related expenses. The class action payout amount will vary depending on a number of factors, including amount of valid claims received and how many CRT TV's and monitors were claimed by businesses and individuals in their class action claim form.Free settlement alerts
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How Do I File a Claim?
The CRT Class Action is closed to new claims. Claims have been reviewed and the CRT class action administrator is reviewing claims for validity before finalizing and processing payments, which have gone out to resellers and are being sent out to consumer end-users in December 2022.
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