Michigan Residents Encouraged To Investigate LCD Claims
LANSING (WWJ/AP) - Michigan residents and businesses could receive payments from a price-fixing settlement involving liquid crystal display screens.
State Attorney General Bill Schuette said a billion-dollar fund was created over an illegal conspiracy by 10 manufacturers to raise prices of flat panels used in TVs, monitors and laptop computers.
Eligible consumers may collect $25, $100, $200 or more depending upon the number of products purchased. Businesses with large purchases could recoup thousands of dollars.
Consumers will be asked a few questions about the number of LCD flat screen TVs, monitors, and laptops they purchased from 1999 to 2006.
Consumers are eligible if they lived in Michigan or 23 other states at the time the products were purchased. Consumers do not need to provide receipts or other proof of purchase for small claims.
"When corporations fix prices, it is up to the state attorneys general to protect consumers and enforce state antitrust laws," Schuette said in a statement. "This settlement sends a clear message that consumer's rights must be protected, and I encourage eligible Michigan citizens to file a claim."
Manufacturers who settled in the case include Samsung, Sharp, LG Electronics and Toshiba.
Dec. 6 is the deadline to file claims.
Claims may be filed by going to www.lcdclass.com or by calling 855-225-1886.
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