Here's how to collect your bounty
You can now submit claims for your piece of a $310 million settlement reached between a dozen different Dynamic Random Access Memory (DRAM) makers in a federal class-action lawsuit accusing the companies of price fixing shenanigans. That may be putting it lightly -- in court documents, the Department of Justice (DoJ) called it "one of the largest cartels ever discovered."
According to the lawsuit (PDF) , various DRAM makers colluded in 1998 to drive up memory prices, which prompted a criminal investigation in 2002. To date, four manufacturers -- Samsung, Hynix, Infineon, and Elpida -- plus 12 individuals have all pleaded guilty to price fixing charges and paid over $730 million in fines, the DoJ said.
The class action suit was filed in a bunch of different U.S. states . Eplida, Hitachi, Hynix, Infineon, Micron, Mitsubishi, Mosel, Nanya, NEC, Samsung, Toshiba, and Winbond are all part of the settlement, which will see $200 million of the $310 million to paid back to affected consumers and businesses.
Up for grabs for eligible purchasers is a minimum of $10, though that number could balloon to the $1,000s depending on the amount of DRAM purchased and claims received. Pretty much anyone who purchased DRAM or a product containing DRAM in the U.S. anytime from January 1, 1998 to December 31, 2002 is eligible.
If you think you might qualify and want to submit a claim, head over to DRAMclaims.com for more information.
Image Credit: Flickr (Daniel Dionne)