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CRTsIn re: Cathode Ray Tube (CRT) Antitrust Litigation
MDL No. 1917, U.S.D.C., Northern District of California March 2014
Hausfeld LLP is among the counsel for a putative class of direct purchaser plaintiffs in this antitrust price-fixing class action in which plaintiffs allege price-fixing by the leading manufacturers of: (a) color picture tubes (“CPTs”), which are cathode ray tubes (“CRTs”) used in color televisions and similar devices; (b) color display tubes (“CDTs”), which are CRTs used in color computer monitors or similar devices; and (c) electronic devices containing CPTs (such as televisions) or CDTs (such as computer monitors). The manufacturer defendants are based in China, Hong Kong, India, Japan, Malaysia, The Netherlands, South Korea, Taiwan, Thailand, and the United States, and control the majority of the CRT Product industry, a multibillion dollar market, which in 1999 alone generated over $19 billion dollars in gross revenue. During the class period, virtually every household in the United States owns, or has owned, at least one CRT Product.
The direct purchaser case has now settled with all named defendants. Settlements with Chunghwa ($10 million) and Philips ($15 million) were finally approved on September 20, 2012. Settlements with Panasonic ($17 million), Toshiba ($13.5 million) and LG entities ($25 million) have also been reached. On December 27, 2012, the Panasonic settlement was finally approved. On March 18, 2013, the LG settlement was finally approved. On July 23, 2013, the Toshiba Settlement was finally approved. Hitachi also settled for $13.45 million; that settlement was approved preliminary on January 8, 2014 and a final approval hearing will be set. On March 10, 2014, a motion for preliminary approval of a $33 million settlement with Samsung SDI was presented to the district court for approval. The total value of all settlements approved or waiting approval is $127.45 million. More on these settlements can be found at http://www.crtdirectpurchaserantitrustsettlements.com/INDEX.htm
Practice Areas: Antitrust / Competition