Vizio settles for $3M after saying 60 Hz TVs had 120 Hz “effective refresh rate” | Vizio claimed backlight scanning made refresh rates seem twice as high.

L4sBot@lemmy.worldmod to Technology@lemmy.world – 275 points – Vizio settles for $3M after saying 60 Hz TVs had 120 Hz “effective refresh rate”
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Vizio settles for $3M after saying 60 Hz TVs had 120 Hz “effective refresh rate” | Vizio claimed backlight scanning made refresh rates seem twice as high.::Vizio claimed backlight scanning made refresh rates seem twice as high.

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Who gets the 3m? I'm gonna go out on a limb and say it isn't the people who were deceived/lied to.

Under the settlement terms [PDF] spotted by The Verge, people who bought a Vizio TV in California after April 30, 2014, can file a claim. They'll receive $17 or up to $50 if the fund allows it. The individual payout may also be under $17 if the claims exceed the $3 million fund. Vizio will also pay attorney fees. People have until March 30 to submit their claims. The final approval hearing is scheduled for June 20.

These class-actions are always peanuts in the end.

Companies should not only pay out much more for a class action but also replace the product sold. It's insane how they can just constantly steal from us and just get a tiny fine.

Yes for real, something tells me they pocketed more than $17 per victim.

The only one that's been amazing (that I can think of) so far was the class action settled against Toyota for a few years worth of the Prius.

They now have to cover the inverter under warranty for 20 years from the date that the car was first used. If your car fails because of the inverter they also pay for the tow, the car rental, and all of the repairs.

Ever read about the Iomega Zip Drive class action? Early Zip drives had a "click of death" that killed it early. The settlement was paid in coupons for more Iomega products.

3M also seems like a pittance? From a quick look their revenue is like $1.7B. Granted their margins are small but still

I feel like if they doubled the specs of their device to make sales they should have to pay back HALF of what they made from the sales. Not just the profit margin, a plain 50% of gross.