Purchasers of Computers, Video Game Systems and Other Digital Devices to Share in $310 Million Settlement
March 04, 2014 --
WASHINGTON, March 4, 2014 /PRNewswire/ -- The following is being released by the Claims Administrator for the DRAM Settlement Fund by order of the United States District Court for the Northern District of California.
Settlements totaling $310 million have been reached with 12 manufacturers of Dynamic Random Access Memory (DRAM) over accusations of price fixing. Class counsel and certain state Attorneys General alleged that the price fixing caused millions of consumers and businesses from around the country to pay too much for DRAM and products containing DRAM, such as computers, printers, and game systems.
Eligible consumers and businesses that submit claims will receive a minimum $10 payment, and perhaps $1,000s depending on the amount of their DRAM purchases and the number of claims received. The quick and easy online claims process takes only five minutes to complete.
DRAM is a high density, low cost per bit, memory component that stores digital information and provides high-speed retrieval of data. DRAM is sold separately or pre-installed in electronic devices such as computers (laptops, desktops, and servers), graphics cards, video game consoles, MP3 players, printers, PDAs, DVD players, Digital Video Recorders, and others.
DRAM purchasers could get money from the Settlements if:
- They purchased DRAM or a device containing DRAM;
- The purchase was made anytime from January 1, 1998 to December 31, 2002;
- The purchase was made in the United States or from a seller located in the United States; and,
- The purchase was not made directly from a DRAM manufacturer, but from a reseller such as a computer maker (Apple, HP or Dell), a retailer (Best Buy, Staples or Costco) or any other reseller (CDW, Ingram Micro or Amazon.com).
Purchasers must submit a claim by August 1, 2014 to receive money from the Settlements. Purchasers can submit claims directly online at www.DRAMclaims.com. Purchasers that prefer to submit their claim by mail can download claim forms from www.DRAMclaims.com or receive claim forms in the mail by calling 1-800-589-1425.
Purchasers who do not want to be included in the Settlements must exclude themselves by May 5, 2014. Purchasers who do not exclude themselves may object to the Settlement or counsels' fee request by May 5, 2014. Purchasers who do nothing will not receive money from the Settlements and are bound by the Court's decisions.
Members of the media seeking additional information may visit the DRAM Claims Multimedia News Release here: http://dramclaims.com/faq/press-release/
More detailed information about the litigation and Settlements is available by:
- Visiting: www.DRAMclaims.com
- Calling: 1-800-589-1425 (toll-free)
- Emailing: info@DRAMclaims.com
- Writing to: DRAM Indirect Purchaser Antitrust Litigation, P.O. Box 8097, Faribault, MN 55021-9497.
Why does this announcementmatter?
- A $310 million nationwide settlement was obtained in class action and attorney general lawsuits alleging price fixing of DRAM between 1998 and 2002.
- Because DRAM is essential to the operation of computers and many other electronic devices, millions of consumers and businesses across the country are potential claimants.
- All eligible purchasers who file claims will receive a minimum of $10. Many purchasers will receive much more.
- It is very easy to file a claim. Claims can be filed online in only 5 minutes at www.DRAMclaims.com.
SOURCE DRAM Settlement Fund
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