Samsung Settlement Over Defective HDTVs OK'd

Law360, New York (August 5, 2010, 7:06 PM EDT) -- A federal judge has approved a class action settlement granting nearly 1.5 million U.S. consumers free repairs on allegedly defective high-definition televisions purchased from Samsung Electronics Co. Ltd.

Magistrate Judge Madeline Cox Arleo of the U.S. District Court for the District of New Jersey granted final approval to the settlement Thursday, resolving claims over Samsung TVs with a defect that causes them to display shadows.

Under the settlement, Samsung has agreed to provide in-home repairs to anyone whose TV has the problem, replace it if it...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.