Good news!
According to one of the lawyers involved in the class action lawsuit, JVC has settled the case. He mentioned that JVC would be doing some refunds and repairs to those who bought camcorders of the type, and during the time period, covered in the lawsuit. The exact details are still unknown to me. He said JVC would be announcing in their website more about how to file for remuneration, but so far I have not seen anything at the website (jvc.com)
Keep visiting this website every few weeks. As soon as I find out the exact details of the settlement I will post them here.