If you have ever purchased a Cathode Ray Tube (CRT) product such as a television or computer monitor between March 1, 1995, and November 25, 2007, you may be eligible for a share of a $33 million class action settlement. The settlement, involving Mitsubishi Electric Corporation, aims to compensate consumers who indirectly purchased CRT products at inflated prices due to alleged price-fixing by CRT manufacturers. In this comprehensive guide, we will explore the details of this settlement and provide you with all the information you need to understand your rights and potentially claim compensation.
Background of the Settlement
The class action settlement with Mitsubishi Electric Corporation is part of a broader litigation known as the Cathode Ray Tube (CRT) Antitrust Litigation. The lawsuit alleges that Mitsubishi Electric and other CRT manufacturers conspired to fix prices of CRTs, leading to higher costs for consumers purchasing CRT products such as TVs and computer monitors. It is important to note that this settlement is separate from previous settlements reached with other defendants.
To be eligible for a share of the settlement, you must meet the following criteria:
- Indirectly purchased a CRT product, such as a CRT television or CRT computer monitor, between March 1, 1995, and November 25, 2007.
- Made the purchase in one of the following states: AZ, AR, CA, FL, HI, IA, KS, MA, ME, MI, MN, MO, MS, MT, NE, NH, NV, NM, NY, NC, ND, OR, RI, SC, SD, TN, UT, VT, WV, WI, or the District of Columbia (with shorter claim periods for HI, NE, and NV).
- Purchased the CRT product for personal use and not for resale.
If you purchased a CRT product primarily for personal, family, or household purposes in MO, MT, or RI, you may also be eligible to participate in the settlement.
Mitsubishi Electric Corporation has agreed to pay $33 million to settle the claims against it. The amount of compensation you may receive will depend on the type and quantity of CRT products you purchased, as well as the total number of claims made. However, eligible claimants should receive a minimum payment of $10.
To determine the amount of compensation you may be entitled to, visit the official settlement website at www.CRTclaims.com or contact the Class Administrator at 1-800-649-0963.
Filing a Claim
Filing a claim is a straightforward process. To submit your claim, follow these steps:
- Visit www.CRTclaims.com and complete the simple online Claim Form.
- Ensure that you provide accurate information about your CRT product purchases.
- If you have indirectly purchased any brand of CRT products (except Sony), you are eligible to file a claim.
- Submit your claim online or by mail before the deadline of June 13, 2023.
If you have previously submitted a valid claim as an end-user for indirect purchases of CRT products in related prior settlements, you do not need to resubmit your claim unless you have additional purchases to claim.
Exclusion from the Settlement Class
If you wish to retain your right to sue Mitsubishi Electric Corporation separately, you must request exclusion from the Settlement Class. To exclude yourself, you must send a written request to the Class Administrator before April 14, 2023. The Court will exclude any class member who timely requests exclusion.
It is essential to note that if you choose to stay in the Settlement Class, you will be bound by the Court’s decisions regarding the settlement.
Objecting to the Settlement
If you have concerns or objections about the settlement, you have the right to express them. To object to the settlement, you must do so in writing and submit your objection to the Class Administrator before April 14, 2023. The Court will consider all objections and consider them during the settlement approval process.
Upcoming Court Hearing
On June 1, 2023, at 2:00 p.m., a hearing will be conducted via Zoom to determine the approval of the settlement. The hearing will also address a request for attorneys’ fees, which may amount to one-third of the Settlement Fund, as well as reimbursement of litigation expenses and awards to Class Representatives. Please note that the date and time of the hearing may change, so it is advisable to check the settlement website for any updates.
If you wish to speak at the hearing or have your own lawyer present, you may do so at your own expense.
For further details on how to make a claim, exclude yourself from the settlement, or object to the settlement, please visit www.CRTclaims.com. You can also reach out to the CRT Class Administrator by mail at CRT Class Administrator, c/o The Notice Company, P.O. Box 778, Hingham, MA 02043, or by calling 1-800-649-0963.
For any queries or concerns regarding the class action settlement, you can contact the CRT Class Administrator at the following:
- Website: www.CRTclaims.com
- Mail: CRT Class Administrator, c/o The Notice Company, P.O. Box 778, Hingham, MA 02043
- Phone: 1-800-649-0963
If you purchased a CRT product between March 1, 1995, and November 25, 2007, you may be eligible for compensation from the $33 million class action settlement with Mitsubishi Electric Corporation. By visiting www.CRTclaims.com and completing a simple online Claim Form, you can submit your claim and potentially receive a minimum payment of $10. Remember to review the eligibility criteria, filing deadlines, and your rights to exclusion or objection. Stay informed about the upcoming court hearing and reach out to the CRT Class Administrator for any additional information.