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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