US District Judge Samuel Conti grants preliminary approval of indirect purchaser settlement

Posted on: July 9th, 2015 by Keith Dubanevich

MonitorToday US District Judge Samuel Conti granted preliminary approval to indirect purchaser plaintiffs’ proposed settlement with defendants Philips, Panasonic, Hitachi, Toshiba, Samsung SDI, Thomson, and additional defendants, in the cathode ray price fixing case. Under the agreement, these defendants will pay a total of $576.8 million.

The settlement covers all persons and or entities in Arizona, California, 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 who or which indirectly purchased for their own use and not for resale, CRT Products manufactured and/or sold by the Defendants, or any subsidiary, affiliate, or alleged co-conspirator thereof, at any time during certain time frames depending on in which state the claimants reside.