McGraw, other AGs announce settlement on LCD screens

McGraw

CHARLESTON – West Virginia's Darrell McGraw and seven other state Attorneys General have negotiated a settlement with the makers of LCD screens. Refund claims now are being accepted for West Virginia consumers who purchased televisions, laptop computers and computer monitors with LCD screen between Jan. 1, 1999, and Dec. 31, 2006. "For years, LCD panel manufacturers met behind closed doors to decide what to charge for LCD screens. This is price-fixing, and it is illegal," McGraw said in a press release. "I am pleased that West Virginia consumers will now be able to get back the extra money they spent on these LCD products." The release from McGraw's office says claimants likely will receive at least $25. The actual payment for claims will be calculated based on the number of claims and type of products purchased. McGraw and the AGs of Arkansas, California, Florida, Michigan, Missouri, New York and Wisconsin settled price-fixing lawsuits against 10 LCD panel manufacturers -- including Hitachi, LG Display, Samsung Electronics Co. and Sharp Corporation -- for fixing the prices of LCD panels. As part of those settlements, the companies paid more than $1 billion in civil penalties and restitution to purchasers. McGraw's office says the majority of the settlement money will be distributed to consumers who purchased televisions, computer monitors, and laptop computers with LCD screens, and who make a claim. West Virginians have until Dec. 6 to file claims at www.LCDclass.com

More Stories