Indirect Buyers Get $577M CRT Settlement Plan Approved

Law360, New York (July 8, 2016, 3:34 PM EDT) -- Indirect buyers of cathode ray tubes on Thursday won a California federal judge’s final blessing for a $576.8 million package of antitrust settlements, defeating the objections of some purchasers who had argued that the deals would unfairly leave consumers in certain states without compensation.

U.S. District Judge Jon S. Tigar granted final approval to $541.75 million worth of settlements between indirect purchasers and companies including Philips Electronics North America Corp., Panasonic Corp., Samsung SDI Co. Ltd., adding to the previously approved $35 million worth of settlements with Chunghwa Picture Tubes Ltd. and LG Electronics Inc. The judge also approved a plan...

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