Law firms Siskinds and Camp Fiorante Matthews Mogerman announced this week court approval of a protocol for the distribution of settlement funds in the Canadian LCD price-fixing class action.
The class action alleges price-fixing in the market for liquid crystal display (LCD) panels used in televisions, computer monitors and laptop computers and settlements totaling $37.6 million have been reached with five defendant groups.
While the settled defendants do not admit any wrongdoing or liability, the settlements and a court-approved protocol for distribution of settlement funds has been established.
Persons who purchased LCD products (regardless of the manufacturer or brand) during the 1998 to 2006 period are eligible to claim settlement benefits. Individuals can claim for a maximum of two undocumented purchases per household. Claims can be filed online at www.lcdclassactioncanada.com on or before December 9, 2014.
“The settlements represent a huge victory for Canadian consumers and businesses,” said Charles Wright of Siskinds LLP in London, ON. “The court-approved protocol we are announcing today is an invitation to eligible Canadian families and businesses to recoup costs that should never have been billed in the first place.”