You will have trouble showing a court that they were actually,
"knowingly aware that they were manufacturing products with defective parts."
You will also need data on their MTBF analysis for the failing component - a professional engineers report into your failing machine - a good lawyer to represent you - JVC will have lots of lawyers and you will need data on how may units were sold and just how many of them have failed - the court will not accept, "I have read many blogs from people that purchased this machine and they have experienced the same problem" as evidence.
So - you can launch into a Jarndyce and Jarndyce saga with all that that entails or go for the $120 solution which is sure to be quicker and cheaper.
If the design and manufacture were done in Japan, as I suspect, does the remit of the US justice system reach as far as Yokohama? I suspect not.
You will just have to get over your disappointment I think.
Peccavi
May 2009