$37.6 million settlements in class action approved for distribution

TORONTO, Sept. 10, 2014 /CNW/ - Siskinds of London, Ontario (Siskinds) and Camp Fiorante Matthews Mogerman of Vancouver, BC (CFM) announced today court approval of a protocol for the distribution of settlement funds in the Canadian LCD price-fixing class action.  The class action alleges price-fixing in the market for liquid crystal display (LCD) panels used in televisions, computer monitors and laptop computers ("LCD products").  The class action was undertaken in 2007 by Siskinds, CFM and Siskinds Desmueles of Québec City. 

Settlements totalling $37.6 million have been reached with five defendant groups.  The settled defendants do not admit any wrongdoing or liability.  The Ontario, British Columbia and Québec courts approved the settlements and a protocol for distribution of settlement funds.  The class action is continuing against the other five defendant groups.

"The settlements represent a huge victory for Canadian consumers and businesses," said Charles Wright of Siskinds LLP in London. "The court-approved protocol we are announcing today is an invitation to eligible Canadian families and businesses to recoup costs that should never have been billed in the first place."

Persons who purchased LCD products (regardless of the manufacturer or brand) during the 1998 to 2006 period are eligible to claim settlement benefits.  Individuals can claim for a maximum of two undocumented purchases per household.  Claims can be filed online at www.lcdclassactioncanada.com on or before December 9, 2014. More information about the settlements, the distribution of settlement funds and the claims process can be found online at www.lcdclassactioncanada.com or by calling the claims administrator at 1-866-432-5534.

"We are proud of what we have achieved thus far on behalf of class members," said Mr. Wright. "In concert with our colleagues in Vancouver and Québec City, we will continue to pursue the class action against the remaining defendants in this case."

About Class Counsel
Siskinds LLP is a full-service law firm based in London, with an office in Toronto. Siskinds LLP has earned worldwide recognition for its work in plaintiff-side class action litigation.

CFM is a boutique law firm based in Vancouver specializing in class actions, aviation accident litigation and product liability litigation, on behalf of plaintiffs.

Siskinds Desmeules s.e.n.c.r.l. is an affilate of Siskinds LLP and has offices in Montreal and Quebec City.

Image with caption: "Canadian LCD Price-Fixing Class Actions (CNW Group/Siskinds LLP)". Image available at: http://photos.newswire.ca/images/download/20140910_C1631_PHOTO_EN_5370.jpg

SOURCE: Siskinds LLP

For further information: Charles Wright (or Linda J. Visser), Siskinds LLP, 680 Waterloo Steet, London, ON N6A 3V8, Tel: 1-800-461-6166 ext. 2446, Email: lcdclassaction@siskinds.com; British Columbia: Reidar Mogerman, Camp Fiorante Matthews Mogerman, #400 - 856 Homer Street, Vancouver, BC V6B 2W5, Tel: 1-800-689-2322, Email: rmogerman@cfmlawyers.ca; Québec: Simon Hebert, Siskinds Desmeules s.e.n.c.r.l., 43, Rue Baude, Bureau 320, Québec City, QC G1R 4A2, Tel: 418.694.2009, Email: recours@siskindsdesmeules.com


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