Cathode Ray Tube (CRT) Direct Purchaser Antitrust Settlement

Overview

Plaintiffs allege that Defendants and co-conspirators conspired to raise and fix the prices of CRTs and the CRTs contained in certain finished products for over ten years, resulting in overcharges to direct purchasers of those CRTs and products. The complaint describes how the Defendants and coconspirators allegedly violated the U.S. antitrust laws by establishing a global cartel that set artificially high prices for, and restricted the supply of CRTs and the televisions and monitors that contained them.

Filing Deadline

December 10, 2015

Class

All persons and entities who, between March l, 1995 and November 25, 2007, directly purchased a CRT Product in the United States from any Defendant or subsidiary or affiliate thereof, or any co-conspirator ("Settlement Class"). For the purposes of the Settlement, Cathode Ray Tube Products means Cathode Ray Tubes of any type (color display tubes, color picture tubes and monochrome display tubes) and finished products which contain Cathode Ray Tubes, such as televisions and computer monitors.

Defendants

  • LG Electronics, Inc
  • LG Electronics U.S.A, Inc
  • LG Electronics Taiwan Taipei Co., Ltd.
  • Koninklijke Philips Electronics N.V.
  • Philips Electronics North America Corporation
  • Philips Electronics Industries (Taiwan), Ltd.
  • Philips da Amazonia Industria Electronica Ltda
  • LP Displays International, Ltd. f/k/a LG.
  • Philips Displays
  • Samsung Electronics Co, Ltd.
  • Samsung Electronics America, Inc
  • Samsung SDI Co. Ltd.
  • Samsung SDI America, Inc.
  • Samsung SDI Mexico S.A. de C.V
  • Samsung SDI Brasil Ltda
  • Shenzhen Samsung SDI Co, Ltd.
  • Tianjin Samsung SDI Co. Ltd.
  • Samsung SDI Malaysia Sdn. Bhd
  • Toshiba Corporation, Toshiba America, Inc.
  • Toshiba America Consumer Products, LLC.
  • Toshiba America Information Systems, Inc.
  • Toshiba America Electronics Components,Inc.
  • Panasonic Corporation (f/k/a Matsushita Electric Industrial, Ltd.)
  • Panasonic Corporation of North America, MT
  • Picture Display Co., Ltd.
  • Beijing-Matsushita Color CRT Company, Ltd. (BMCC)
  • Hitachi, Ltd.
  • Hitachi Displays, Ltd.
  • Hitachi Electronic Devices (USA), Inc
  • Hitachi America, Ltd.
  • Hitachi Asia, Ltd.
  • Tatung Company of America, Inc
  • Chunghwa Picture Tubes Ltd.
  • Chunghwa Picture Tubes (Malaysia) Sdn. Bhd
  • IRICO Croup Corporation
  • IRICO Display Devices Co., Ltd.
  • IRICO Group Electronics Co., Ltd.
  • Thai CRT Company, Ltd.
  • Daewoo Electronics Corporation f/k/a Daewoo Electronics Company, Ltd.
  • Daewoo International Corporation
  • Irico Group Corporation
  • Irico Group Electronics Co., Ltd.
  • Irico Display Devices Co., Ltd.

 

Partial Settlements: $139.45 million

Chungwha $10 million
Philips $27 million
Panasonic $17.5 million
LG $25 million
Toshiba $13.5 million
Hitachi $13.4 million
Samsung SDI $33 million

 

This summary is provided for informational purposes only and is based on SRG’s review of publicly available case documents. Official documents and information regarding the case can be found on the Court’s website (www.crtdirectpurchaserantitrustsettlement.com). This summary is not and should not be construed as legal, tax or other professional advice.

Questions?

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