Experience. Dedication. Results.

Disbursement of Settlement Funds Approved in TFT-LCD Antitrust Class Action

A federal judge in California recently approved disbursement of funds in a final settlement in years-long litigation regarding antitrust violation claims against three manufacturers of LCD screens. The claims were brought against AUO, LG, and Toshiba, alleging that they had engaged in schemes to fix the prices of the film transistor-liquid crystal displays (TFT-LCD) over a period of several years beginning as early as 1999. The manufacturers were accused of conspiring to set the prices for the TFT-LCD screens at artificially high values. This was done over a period of at least eight years. The litigation involved two main settlement classes; one for direct purchasers and one for indirect purchasers of the technology. Within the direct purchasers class, two subclasses were certified; one for purchasers of the panels themselves and another for purchasers of finished products that included the screens, such as televisions, notebooks, and monitors. Two indirect purchaser subclasses were also certified. The first of those was a nationwide class seeking injunctive relief and the second consisted of statewide classes seeking monetary relief. The statewide classes were certified for Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia, and Wisconsin.

As part of the relief for the injunctive class, the manufacturers will establish antitrust compliance programs. The only defendant to proceed to trial was Toshiba, and after six weeks of trial in 2012, a unanimous jury awarded $17 million to the panel class of direct purchasers and $70 million to the finished product class. Following the trial, Toshiba agreed to pay $30 million in exchange for dismissal with prejudice and a release of the claims against them. Overall, the direct purchasers received more than $473 million in settlements as the result of all claims against all defendants. $258.63 million of that money has been directed to go to class members, with $58.18 million being reserved for future unanticipated contingencies. Approximately $156 million went to pay attorney fees and other administrative costs. Now that the disbursement of the funds has been approved, checks will begin going out to class members and administrators.

The case is In re: TFT-LCD [Flat Panel] Antitrust Litigation [All Direct Purchaser Actions], MDL No. 3:07-md-1827 SI, N.D. Cal.


Let Us Review Your Case

Fill out the form below for a free, no-obligation evaluation of your case. Our attorneys are ready to provide the representation you need. Please note that until we have entered into a written representation agreement with you, no attorney-client relationship is established. We will nonetheless keep all information you send us confidential.

  • Please enter your name.
  • Please enter your email address.
    This isn't a valid email address.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please make a selection.
  • Please enter a message.
Why Choose The Simon Law Firm, P.C.
  • Our mission is to provide the highest-quality legal services with integrity, professionalism, and respect for our clients.

  • We handle our cases on a contingency fee basis, so you don't pay unless we recover for your case.

  • Since the firm was founded in 2000, we have obtained more than $1 billion in verdicts and settlements.

  • We have been named one of the "winningest firms" in the U.S. by The National Law Journal.