Purchasers of computers, TVs between 1995 and 2007 could receive money back
A class-action suit against multiple companies who conspired to fix prices for CRT Products (cathode ray tube) between March 1, 1995, and November 25, 2007, has been resolved, with almost $50 million in payouts ordered.
Not on the market anymore, cathode ray tubes were used in televisions and computers, and are not a part of new technologies like flat-screen TVs. CRTs are colour picture tubes and colour display tubes purchased for inclusion in televisions or computer monitors.
Seven corporations were found guilty, including Panasonic, Toshiba and Samsung SDI. Samsung SDI itself must pay out $16,980,000 in settlements. The corporations, although found guilty, have not acknowledged any wrong-doing on their parts.
Canadians have until March 1, 2019, to fill out and submit a claim on http://www.crtclassactioncanada.com/. All claims that are accepted will receive a minimum payment of $20.
Filling a claim is free of charge, and, for these two products, no proof of purchase is required. RicePoint Administration Inc., a Computershare company and appointed by the court, is handling all claims. The class-action suit was launched in 2008.