If you bought an LCD television, monitor or laptop between 1999 and 2006, you might be entitled to a cash payment from a billion dollar settlement fund.
But act quickly – there’s a December 6 deadline for claiming your money.
The settlement was announced by the Michigan Attorney General’s office. The money will come from 10 manufacturers who illegally conspired to raise the prices of LCD flat panels.
Individuals and businesses who purchased products from the following manufacturers between 1999 and 2006 may file claims for cash payments: AU Optronics Corporation, Hitachi Ltd., Sharp Corporation, Toshiba Corporation, Samsung Electronics Corporation, Epson Imaging Devices Corporation, LG Electronics, Chunghwa Picture Tubes, HannStar Display Corporation, and Chi Mei Optoelectronics.
“When corporations fix prices, it is up to the state attorneys general to protect consumers and enforce state antitrust laws,” said Michigan Attorney General Bill Schuette. “This settlement sends a clear message that consumers’ rights must be protected.”
Eligible consumers may collect $25, $100, $200 or more depending upon the number of televisions, monitors, and laptop computers purchased. Businesses with large purchases could recoup thousands of dollars.
You may be eligible for money if you were a resident of Michigan at the time of purchase. The claims process is simple and can be completed online. No receipt or documentation is required.
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Source: State of Michigan Attorney General http://www.michigan.gov/ag/0,4534,7-164-46849-289813–,00.html