Memphian Scott Beall has spent around $6,000 on flat-screen products, but he'll likely soon be getting some of that money back. Beall is the class action representative for Tennessee in the largest anti-trust consumer class action lawsuit in history.
The lawsuit was filed against 10 LCD flat-screen television manufacturers, namely Au Optronics, Chimei, Chunghwa, Epson, Hannstar, Hitachi, LG, Sharp, Samsung, and Toshiba, for conspiring to raise and fix prices on flat screen LCD panels and products containing those panels. The manufacturers have agreed to pay an unprecedented settlement of $1.1 billion.
Any Tennessee consumer who purchased a flat-screen product from one of the above-mentioned companies between January 1999 and December 2006 is eligible to receive a payment from the settlement. The deadline to file a claim is December 6th.
“I was ticked off when I discovered that all the prices were the same and there was no competitive pricing," Beall said. "Consumers were over-charged for these products, and they need to take advantage of this opportunity, file a claim, and receive some compensation.”
To file a claim, go here. Filing a claim does not require proof of purchase or receipts.