TFT-LCD (Flat Panel) Antitrust Litigation
Court: United States District Court, Northern District of California
Case No.: MDL No. 1827
Wexler Wallace is among the plaintiffs’ counsel that brought suit against manufacturers of Thin Film Transistor Liquid Crystal Displays (“TFT-LCDs”). TFT-LCDs are used in flat-panel televisions, computer monitors, laptop computers, mobile phones, and other devices on behalf of indirect purchasers of these products. A parallel case was brought by direct purchasers.
Plaintiffs allege that defendants conspired to raise and fix the prices of TFT-LCD panels over a decade, resulting in overcharges to purchasers of those panels and products. On March 28, 2010, the Court certified two nationwide classes of persons and entities that directly purchased TFT-LCDs from January 1, 1999 through December 31, 2006, one class of panel purchasers, and one class of class of buyers of laptop computers, computer monitors and televisions that contained TFT-LCDs.
In these antitrust class actions, the plaintiff classes have reached settlements with all of the defendants. The Court has given final approval to settlements totaling more than $470 million for the direct purchaser class. The Court has also given final approval to settlements totaling $1.1 billion for the indirect purchaser class. The time to file claims in these settlements has expired.