DRAM owners can claim a minimum refund of $10 in epic $310 million settlement

Owners of DRAM products can file a claim to get a refund on their purchases once a price-fixing lawsuit worth $310 million against the manufacturers concludes in the latter part of the year.

Prices of dynamic random-access memory (DRAM), used in electronic devices such as computers, printers, and video game consoles, were allegedly fixed by manufacturers and the U.S. District Court for the Northern District of California will be hearing the lawsuit regarding the settlement and fees on June 25, 2014.

According to the notice issued by the court, "the Defendants fixed the price of DRAM causing individuals and businesses to pay more for DRAM and DRAM-containing devices." The total amount for settlements from various lawsuits has reached $310 million. The lawsuit aims at paying back the customers who purchased DRAM or devices containing DRAM in the United States or any of its territories.

The court's document mentions that the products in question must be purchased during the period January 1, 1998 through December 31, 2002, and from sources other than the manufacturer of DRAM. Customers who wish to file a claim can do so here before 1st of August. The minimum recovery value is of $10 which can go beyond $1000 for large volume purchases.

Companies who have faced lawsuits for DRAM price-fixing till now include Elpida Memory (Japan), Hynix Semiconductor (South Korea), Infineon Technologies AG (Germany), Micron Technology (USA), Mosel Vitelic (Taiwan), Nanya Technology Corp. (Taiwan) and NEC Electronics America (USA). Samsung was one of the major companies to be fined $90 million for DRAM price-fixing in 2007.

Source: DRAM Claims | Image via Yaz Lawsuit Center

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Not that I care that much but what the hell, I did actually purchase four 32MB PC66 DRAM sticks for a machine I built in 1999, a massive monster PII-333 machine, manufactured by Hynix so, I guess we'll see what happens whenever this thing funds out. RAM cost me like $200 and I used it for a long time without issues. Ain't "free money" by any stretch of the phrase but I suppose something is better than nothing.

Sadly, because of this being so widely announced and even now the info is still spreading across tech websites, that means it'll turn into just another way for greedy scumbucket "Slick Deals" types that do nothing but scavenge on things even when they legally and morally have no claim whatsoever - I DID buy DRAM in 1999, and again in 2001 actually but I only filed for the 4 sticks I purchased in 1999 as just mentioned above.

Soon as scumbuckets see "No documentation is required to file a claim" they'll be on it like some pricing error on a big retailer website.

Scumbuckets... perfect word for such... well, scumbuckets.

I bet if you read the fine print you will find that if all the claims add up to more than the 310 million you might get far less than what you expected. Happened to me with another Class Action Suit. I only got 10% of what was coming for me because so many claims were filed.

Only the lawyers make out. Even the corporations can write their loses off.

How to know which products that had DRAM in them? This is products we would have used 12 to 16 years ago
Playstation 2 should be eligible right?

You read The Reg Enron? I thought I saw you critisizing an author for quoting them as a source once. You must be one of the pro MSFT AC's there. Well well.

recursive said,
You read The Reg Enron? I thought I saw you critisizing an author for quoting them as a source once. You must be one of the pro MSFT AC's there. Well well.

Are you sure? I don't think I did. I could be wrong though. Believe it or not I do use products besides MS! It's really just Google that I avoid. I had an Apple McBook until it melted a couple months ago and I have even used Linux in the past.

- Sent from my Surface

Interesting, I wonder how much I'll get back compared to what the lawyers made... Anyway, I checked the site, but they don't even know how much individuals will receive.

To be fair, this is one of the battles where the lawyers probably did most of the hard work for the consumer. I'll be there are a lot of people who'll just claim because they can claim (and they're perfectly entitled to do so)

There are a lot of cases where the victim as an individual pays a lot for a lawyer to return minimal gain, but in this case I think the lawyers worked the hard yards.

Too bad this only settled in US courts.

I guess so, (see above thread... I keep my receipts personally)

If this is successful and worthwhile, I guarantee more suits will follow in other countries. Even though many specific laws may not be the same, price fixing is pretty much guaranteed to be against the law.