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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)