Just what Toshiba
needed, right? As if the economy wasn't hammering the company's bottom line badly enough, United States Magistrate Judge Steven M. Gold of the Eastern District of New York has just entered a decision that'll force it to pay up over $1 million in order to settle a class action lawsuit it just lost. Originally filed in 2007, the suit alleged "that the lamps of certain Toshiba DLP televisions
were susceptible to premature failure causing purchasers to repeatedly expend hundreds of dollars for replacement bulbs, which allegedly suffered from the same defect." After a thorough investigation, it was found that Tosh would be responsible for reimbursing those who purchased a bulb
replacement that failed prematurely, and the warranty on replacement bulbs has been pushed from six months to a full year. Naturally, the law firm representing the 265,000 or so affected individuals was quite stoked with the outcome, as should you be if you're in that mix.