CATHODE RAY TUBE (CRT) ANTITRUST SETTLEMENT OPPORTUNITY – MA, MO, NH
Cathode Ray Tube Antitrust Settlement:
The case alleges that from 1995-2007, leading electronics manufacturers colluded to fix and maintain the cost of cathode ray tube screens and monitors, resulting in businesses and consumers paying more for computers, televisions and other products than they would have in a competitive market.
The case resulted in settlements totaling approximately $610,000,000 on behalf of all persons and businesses that indirectly purchased CRT products for their own use and not for resale (“End Users”) that purchased CRT products in Arizona, California, the District of Columbia, Florida, Hawaii, Iowa, Kansas, Maine, Michigan, Minnesota, Mississippi, Nebraska, Nevada, New Mexico, New York, North Carolina, North Dakota, South Dakota, Tennessee, Vermont, West Virginia and Wisconsin.
Although these settlements also released the claims of End Users in the states of Massachusetts, Missouri and New Hampshire, End Users in these states were not permitted to participate in the prior claims processes in 2015 and 2016 for the first $576,750,000 of the settlement fund.
Class members from the states of Massachusetts, Missouri and New Hampshire were forced to release their claims but were not entitled to recover funds from the settlement funds, and appealed approval of the court’s previous settlements. The United States Court of Appeals for the Ninth Circuit agreed that class members in these states were treated unfairly and should have been entitled to participate in the settlement fund.
At the present time, CAC believes it is likely that the claims process will be reopened for End Users in the states of Massachusetts, Missouri and New Hampshire and that they may be entitled to file claims for their pro rata recovery.