CRTs Settlement, Get Paid for Your Old TVs and Monitors
A class action Settlement has been reached with Mitsubishi Electric Corporation involving Cathode Ray Tubes (“CRTs”), a display device that was the main component in TVs and computer monitors. The lawsuit claims that Mitsubishi Electric conspired with other CRT manufacturers to fix the prices of CRTs, causing consumers to pay more for CRTs and products containing CRTs, such as TVs and computer monitors.
You might have already received a payment for a similar settlement for for CRTs and products containing CRTs. But this settlement is in addition to the previous nine settlements reached with Defendants Chunghwa, LG, Philips, Panasonic, Hitachi, Toshiba, Samsung SDI, Thomson, and Technologies Displays America. So you are likely eligible to file another claim. Check out all the details below and file a claim on or before June 13, 2023.
Who’s Eligible?
This new settlement has recovered money includes consumers who indirectly purchased CRT Products in 30 states and the District of Columbia. These states and the District of Columbia have antitrust and/or consumer protection laws permitting consumers to sue for damages for antitrust violations.
The “Settlement Class” includes:
- All persons or business entities who or which indirectly purchased in Arizona, Arkansas, California, District of Columbia, Florida, Hawaii, Iowa, Kansas, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oregon, South Carolina, South Dakota, Tennessee, Utah, Vermont, West Virginia, and Wisconsin, for their own use and not for resale, CRTs or CRT Products manufactured or sold by the Defendant or any Alleged Co-Conspirator (listed in Question 6);
- All persons or business entities who or which indirectly purchased in Missouri or Montana, for their own use and not for resale, and primarily for personal, family, or household purposes, CRTs or CRT Products manufactured or sold by the Defendant or any Alleged Co-Conspirator (listed in Question 6);
- All natural persons who indirectly purchased in Rhode Island, for their own use and not for resale, and primarily for personal, family, or household purposes, CRTs or CRT Products manufactured or sold by the Defendant or any Alleged Co-Conspirator (listed in Question 6).
The purchase must have been made in one of the States. You do not have to be a resident of one of the States to qualify as a member of the Settlement Class.
Dates:
In order to bring a claim, you must have purchased the CRT Product(s) between March 1, 1995 and November 25, 2007. However, Hawaii, Nebraska and Nevada have slightly shorter class periods.
- Purchases of CRT Products in Hawaii must have been made between June 25, 2002 and November 25, 2007.
- Purchases of CRT Products in Nebraska must have been made between July 20, 2002 and November 25, 2007.
- Purchases of CRT Products in Nevada must have been made between February 4, 1999 and November 25, 2007.
Eligible Products
For the purposes of the lawsuit and the New Settlement, “CRT Products” means products containing Cathode Ray Tubes, such as televisions and computer monitors. This is what a CRT Product looks like:
Related: See All Settlement Rebates Here
Settlement Payout
The total amount of prior settlements is $547,750,000. The new settlement provides an additional $33,000,000. Payments to claimants will be determined on an adjusted pro-rata basis. This means that payment amounts will be based on the total number of valid claims filed.
How Payment Are Calculated:
Based on data obtained during the course of the litigation, claims for different types of CRT Products will be weighted as follows:
- Claims for purchases of Standard CPTs or CRT Televisions (screen size of less than 30 inches) will be weighted as 1 CRT unit;
- Claims for purchases of Large CPTs or CRT Televisions (screen size of 30 inches or larger) will be weighted as 4.3 CRT units; and
- Claims for purchases of CDTs or CRT Computer Monitors will be weighted as 3 CRT units.
Each new claim will be assigned a weighted CRT unit count based on the types of CRT Products purchased, as described above. For example, a Settlement Class Member that purchased two Standard CRT televisions (2 x 1 CRT unit) and one CRT monitor (3 CRT units) would have five CRT units (2 + 3 = 5). A Settlement Class Member that purchased five CRT monitors (5 x 3 = 15 CRT units) and two Large CRT televisions (4.3 x 2 = 8.6 CRT units) would have 23.6 CRT units (15 + 8.6 = 23.6). This is the same methodology approved by the Court for the Prior Settlements.
It is expected that a minimum payment of $10 will be made to all class members who submit a valid claim. This includes claims that are simply carried over from the Prior Settlements.
Related: Read all news about lawsuits and settlements
CRTs Settlement Details
- File claim here
- Rebate: $10+
- Proof of Purchase Required: No
- Settlement Pool: $33,000,000
- Filing Deadline: June 13, 2023
- Read Settlement Details Here