Monday, July 11, 2016

Ongoing Case Highlight: In re Cathode Ray Tube CRT Antitrust Litig., No. 3:07-cv-5944SC (N.D. Cal.)


In re CRT is an antitrust action alleged against numerous manufacturers of cathode ray tubes, i.e. the tubes that were inserted in boxy television sets and monitors before flat screens became the norm. The list of defendants reads like the Who's Who of major Asian manufacturers: Chunghwa Picture Tubes, Hitachi, LG Electronics, Panasonic, Matsushita, Samsung, Toshiba, and so on. The lead plaintiffs for the class action are individuals, electronic goods merchants, and manufacturers of monitors and television (such as Viewsonic.) 

One of the major points of contention in this case has been whether an indirect purchaser of CRT--i.e. purchaser of final products containing a CRT rather than that of the product directly. On July 7, 2016, the court approved a settlement between the group representing indirect purchasers and the defendants.

The final settlement is in the amount of more than $576 million. 

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