DRAM Makers Reach $310M Settlement in Price Fixing Case

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ramansh

The settlement amount on price fixing in this case is really awesome. www.price4india.co.in

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TheMissingPiece

MPC, can we make the LEGO minifigs holding PC components a thing? Thank you.

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vrmlbasic

I second this. :)

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LatiosXT

Class action lawsuits try to be about the people, but in the end, it's the lawyers who win. The individuals they represent get a pittance.

Which is why I really don't care about them or accept the rewards they offer (which often comes with a clause that I can't class-action the company again if I take the reward).

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vig1lant3

Even if you don't accept the award, you can't sue the companies again. Once the DoJ and the States settle with the mfgs., that's it. The courts won't hear another class action lawsuit against the companies on the same grounds. The DoJ and States will not go after them again, unless they break the rules again.

You could try suing them yourself, but you'd really be better off taking the "pittance." The findings of the courts in a class-action lawsuit are not so much about making the consumer whole, as much as they are about bringing companies back in line with our laws and statutes by inflicting financial penalties.

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John Pombrio

Wrong. When the class action penalty is directly related to the injured parties, it's ALL about the consumer. After all, it was the buyers of the drives that were ultimately injured here, not the DOJ. If the injured parties do not get proper restitution in a timely manner, ultimately what good was this whole process?

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vig1lant3

It's an anti-trust case John. The DOJ wouldn't be involved otherwise. The suit was not brought by "injured" civilian consumers. It was brought by the States for violating anti-trust laws by colluding to set prices in the marketplace. Punishing these companies is how we keep others from resorting to the same tactics, that is the "good" that comes from the process.

It is the governments job to prosecute companies who break the laws set by Congress under the Commerce Clause. People like you and I have no way to know if price-fixing was going on. Most consumer initiated class action lawsuits regarding consumer products are due to injury. These suits are usually the result of some whistle-blower looking for a government payout. Once the case is settled, the only way to sue the companies again would be on some different grounds not covered by the original lawsuit.

You should file a claim. I did...although on my Tiger, Newegg, (etc) accounts only have receipts dating back to 2005...

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Ghost XFX

What about the prices now?! They're literally bending us over with these prices. Thermal paste doesn't make for good lubrication, ya know?

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vrmlbasic

Too true. Still double what they were in the tail-end (couldn't resist) of 2011. I picked up 16 GB of DDR3-1600 for under 90 bucks then and good luck repeating that feat now.

Apparently public admission from the manufacturers that they are axing supply to drive up prices (OPEC style) isn't enough to raise eyebrows in the legal world. The Hylinx fire of so long ago is still being trotted out as an excuse and it has gotten stale, just like the flood card was long overplayed with the hard drive price hike. o_0

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John Pombrio

What the hell was that? 172 pin DDR SDRAM at the time? You can find boxes of them in a used computer store or at a trade show for $5 a stick. And who keeps receipts for 15 year old computer parts? I can get more money by getting a rebate card on new memory, thanks.

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d3v

OEMs and large companies that ordered lots and lots of memory are the ones that are going to take advantage of this. It is not for individuals.

I have to say justice is pretty slow in the US.

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vig1lant3

Whether you can or cannot buy obsolete parts at a trade show is not relevant. Collusion of companies to set prices in a free market construct is against the law in this country as it is in nearly every free market society. This lawsuit isn't about making the consumer whole, it's about punishing the companies involved.

Also, terms for the claimant in a class action case that is settled are set by the court. We're not talking about returning some bad RAM, we're talking about submitting a claim as an injured party with regard to a settled lawsuit. It would be unreasonable of the court to make documentation of purchase a requirement because of the age of the infraction. I'm sure receipts will not be necessary.

Essentially the States and the DoJ are flexing their legal muscle to remind these companies that they are doing business in OUR markets, and subject to OUR laws, statutes, and regulations. The government doesn't care who the money goes to, only that the penalty is paid.

This lawsuit wasn't brought on behalf of injured consumers. It was filed because these companies broke anti-trust laws by working with "competitors" to set prices in the marketplace.

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vrmlbasic

Forget suing them for what they did in the late 90s, how about dropping the hammer on them for the obvious cartel that they have going now?

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wkwilley2

I know right? It's pretty much common knowledge that these DRAM mfgs are throttling their production runs in order to keep their prices up and keep the supply from getting to high.

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jtrpop

When the class action lawsuit happened over hard drive manufacturer's rounded drive size, I had literally purchased dozens of drives. What did I get in return? Only could claim on up to 2 drives, and all that was offered was crappy backup software. No refund for the hundreds spent on mismarketed drives. The money mostly goes to the lawyers.

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jbitzer

That suit was stupid. Any IT person knew HDDs were calculated in 1000KB/MB, not the 1024. That was people being whiny idiots.

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pastorbob

"That was people being whiny idiots."

That pretty much describes the majority of lawsuits filed in this country.

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Zefram0911

You might want to add an M or Million in the title or this could be a ridiculous settlement.

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Nimrod

that weird, i read it as 300m when i saw it but you are right!

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Cleaver

Yeah, the title makes it look like it was for a mere three-hundred and ten dollars.

Which would be hilarious. And a little bit sad.