TORONTO, Oct. 19, 2017 /CNW/ - Siskinds of London, Ontario (Siskinds) and Camp Fiorante Matthews Mogerman of Vancouver, BC (CFM) announced today court approval of a protocol for the second 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").
Settlements totalling $37.6 million have been reached with four defendant groups. This brings total settlements reached in this action to over $75 million. The settled defendants do not admit any wrongdoing or liability. The Ontario, British Columbia and Québec courts approved the settlements and a protocol for distributing the second round of settlement funds (settlements totalling $37.6 million were previously distributed). The class action is continuing against the remaining defendants, Sharp Corporation, Sharp Electronics Corporation and Sharp Electronics of Canada Ltd.
Persons who purchased LCD products (regardless of the manufacturer or brand) between 1998 and 2006 are eligible to claim settlement benefits. Individuals can claim for a maximum of two undocumented purchases. Claims can be filed online at www.lcdclassactioncanada.com on or before January 19, 2018. 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 1-888-663-7195.
"We are proud of our continued success on behalf of class members," said Charles Wright of Siskinds LLP in London. "These court-approved settlements and protocol for distributing money will allow Canadian businesses and consumers to recover some of the funds they overpaid for LCD products."
"Siskinds and CFM will continue to work to ensure that Sharp is held accountable for its conduct," said Mr. Wright.
About Class Counsel
Siskinds LLP is a full-service law firm with offices in Toronto and London, and affiliate offices in Montreal and Quebec City. Siskinds LLP is Canada's leading class action law firm.
CFM is a boutique law firm based in Vancouver specializing in class actions, aviation accident litigation and product liability litigation, on behalf of plaintiffs.
Bouchard Pagé Tremblay is a law firm based in Quebec City for more than 25 years. It provides complete legal services to its private and corporate clients.
SOURCE Siskinds LLP
For further information: Charles Wright (or Linda J. Visser), Siskinds LLP, 680 Waterloo Steet, London, ON N6A 3V8, Tel: (416) 362-8334, Email: [email protected]; British Columbia: Reidar Mogerman, Camp Fiorante Matthews Mogerman, #400 - 856 Homer Street, Vancouver, BC V6B 2W5, Tel: 1-800-689-2322, Email: [email protected]; Québec: Maxime Blanchard, Bouchard Pagé Tremblay, 43, Rue Baude, Bureau 320, Québec City, QC G2J 0B9, Tel: 855-768-6667, Email: [email protected]