Court Grants Preliminary Approval to a Class Action Settlement Related to Certain Philips and Magnavox Plasma Flat Screen Televisions

NEWARK, N.J., Oct. 7, 2011 /PRNewswire/ -- The law firms of Chimicles & Tikellis LLP, Horwitz, Horwitz & Paradis, and Cohen Milstein Sellers & Toll PLLC announce that on October 3, 2011, the United States District Court for the District of New Jersey granted preliminary approval to a proposed class action settlement with Philips Electronics North America Corporation (“Philips”).  The settlement proposes to resolve lawsuits that allege certain Philips and Magnavox televisions suffer from a defect that causes internal components (called capacitors) to prematurely fail, resulting in the televisions becoming inoperable.  The proposed settlement would entitle qualifying settlement class members, who purchased new or received as a gift new one of the Philips or Magnavox plasma televisions with the model numbers listed below, to monetary benefits or vouchers.  

The model numbers of the Philips and Magnavox plasma televisions included in the proposed class action settlement are:

In addition, only those television sets with a serial number reflecting a manufacturing date between November 1, 2005 through December 31, 2006 qualify for participation in this settlement.

The Court has scheduled a hearing on December 15, 2011 at 10:30 a.m. to determine whether to grant final approval to the settlement.  

To be eligible to receive the benefits made available pursuant to this settlement, class members must submit to the claims administrator a claim form that is postmarked by February 28, 2012.  

To obtain additional information about the settlement, to determine whether your television qualifies, or to obtain a claim form, you can visit the settlement website at www.PhilipsPlasmaTVsettlement.com.  You can also contact the settlement administrator by calling (855) 477-4407, or by writing to Philips Plasma TV Settlement, c/o Dahl, Inc., P.O. Box 2061, Faribault, MN 55021.  

Contact: Andrew Friedman, Cohen Milstein Sellers & Toll PLLC, (202) 408-4600

SOURCE Cohen Milstein Sellers & Toll PLLC