Financial Recovery Services Blog

TFT-LCD Update

Wednesday, November 2, 2011

TFT-LCD SETTLEMENT UPDATE

FRS Clients,

The thin film transistor liquid crystal display settlement that we have been tracking since 2009 recently settled. Sharp Corp., Samsung Electronics Co. Ltd. and others on Tuesday agreed to pay $388 million to settle claims brought by direct purchasers in the California multidistrict litigation alleging the companies conspired to fix prices for thin film transistor liquid crystal display panels.

Under the terms of the settlement the defendants agreed to pay the following: Sharp $105 million, Samsung $82.7 million, Chi Mei $78 million, LG Display $75 million, Hitachi $28 million, Hannstar $14.9 million, Sanyo $3.5 million and Mitsui $950,000 The Plaintiffs have already been helped by Chunghwa Picture Tubes Ltd. and Epson Imaging devices Corp. which settled for $10 million and $7 million respectively and have each cooperated with the plaintiffs in their case.

The electronics companies in this case have already paid hundreds of millions to settle antitrust charges brought by the U.S. DOJ. Chunghwa agreed to pay $65 million, Sharp $120 million and LG paid $400 million to settle claims with the government.

FRS is pleased to bring you this new information regarding the TFT-LCD Antitrust Settlement. There are no claim forms or supporting documents required to file as of yet. We would like you to make sure that if your company has document destruction policies that you take the necessary steps to insure purchase orders/invoices etc., pertaining to your purchases from the settling defendants are preserved in case we need them to substantiate and support your claim.

As you know we take great pride in representing and bringing your company the latest opportunities where we can obtain refunds or provide unique cost-saving programs. Many of our clients started off as class action or telephone excise tax refund clients and are now working with us on our personal property tax reduction or energy procurement programs. We recently saved one of our Fortune 50 Energy client over $1 million dollars in eleven months for operations only in one state and they have now asked us to manage their entire portfolio across the United States. Our personal property tax reduction partner also reduced one client’s tax obligation by $52 million over three years with a $17.3 million annual reduction.

Please contact Glenn Guior, GC at 201-853-0306 or Michael Epstein, CEO at 201-853-0303 so we can discuss how we may be able to save your company millions more. Thank you again for working with Financial Recovery Services.

Regards,
Michael Epstein, CEO

Financial Recovery Services at Cocktails for a Cure

Monday, April 25, 2011

Financial Recovery Services attended Cocktails for a Cure (CFAC) on Thursday, April 21st, 2011 at Legends in NYC. CFAC is a benefit to raise money for the Multiple Sclerosis Research Center of New York. The MS Research Center's mission is to conduct medical research directed toward finding the cause and eventual cure of multiple sclerosis. The Center's medical research is designed to understand all aspects of MS, including research at the cellular and molecular levels, in order to treat and cure MS.

CFAC was hosted by Dana Schwartz who is living with MS and Ryan Cohen, two very close friends of the FRS family. We had a great time raising money for a great cause, now in its fourth year and getting bigger and better every year. Last year CFAC raised $30,000 and the numbers aren't all in yet for this year but it's being estimated at around $40,000.

We posted some photos for everyone to view on the Financial Recovery Services, Facebook page with Dana and Ryan our hosts and Ottis Anderson, the NY Giants Superbowl XXV MVP.

We want to thank our hosts and everyone who showed their support and we're looking forward to next year.

Energy Efficiency Measures Saved AT&T $44 Million in 2010

Friday, April 1, 2011

Financial Recovery Services is now offering LED's to it's client base. The savings can be substantial and have a tremendous impact on Kwh. They make sense, save money and are also better for the environment. CFLs contain mercury. Below is a quote from the AT&T link included on this blog and it pretty much says it all.

One of the many ways included "familiar technologies that, pervasively applied, made a big difference, like: Swapping incandescent light bulbs with light emitting diodes (LEDs) at 1,100 cell sites."

Cost-Saving Programs & Refund Filing Services

Thursday, March 26, 2009

The programs Financial Recovery Services (FRS) offers and the relationships established with our clients, are focussed on keeping them informed about opportunities that save time, money and increase cash flow to their bottom line. We notify our clients and assist them to file for refunds from the telephone excise tax refund (TETR) to antitrust class action settlements. We monitor these opportunities on an ongoing basis from inception to settlement disbursement, with our research department and General Counsel from Merck & Co. overseeing the process throughout.

In addition to notifying businesses about refund opportunities, we offer cost-saving programs that are often overlooked, with partners that are the best in their industry. Our free consultation to discuss and identify these opportunities is what we call our “Partnership for Success” philosophy. Telecom as well as energy management and procurement services are just a few of the programs we offer through our strategic partners. There is no up-front charge for our service as we usually work on a contingent fee basis with these programs or get paid directly from our partner so it makes the decision to work with FRS easy. Please visit our website at, www.frsvs.com and call your FRS representative today, at 201-853-0300 to discuss these programs and services.

“Time is Money” Benjamin Franklin

Endosurgical Settlement

Tuesday, March 17, 2009

Endosurgical Settlement Immediate Notice: We are actively assisting the health care industry with another antitrust settlement refund. If you are not already aware of it, it’s called the “Endosurgical Settlement”. It is a settlement fund with 13 Million dollars for facilities that purchased either directly or indirectly, Endosurgical Products from J&J or Ethicon, between December 19th, 2001 and October 20th, 2008. The filing deadline is quickly approaching and needs to be submitted on or before April 20th, 2009. Please speak to your FRS representative by calling 201-853-0300 to move forward, get filed, and obtain your refund. Thank you in advance for your business.