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This settlement is closed!
Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!
Dynamic Random Access Memory (DRAM) manufacturers have agreed to settle class action lawsuits accusing them of fixing the price of DRAM, a small component in computer and other electronic devices. If you bought DRAM or products containing DRAM, such as computers, printers, video game consoles or other electronic devices, between Jan. 1, 1998 and Dec. 31, 2002, you could qualify for benefits under the class action settlement.
Who’s Eligible
To be eligible for benefits under the DRAM price-fixing settlement, you must meet the following criteria:
- You are a person or business that purchased DRAM or a device containing DRAM;
- Your purchase was made anytime from Jan. 1, 1998 through Dec. 31, 2002;
- Your purchase was made in the United States, which includes Puerto Rico, the Northern Mariana Islands, and the U.S. territories, or from a seller located in the United States; and
- Your DRAM purchase was not made directly from any of the DRAM manufacturers.
Potential Award
Of the $310 million Settlement Funds, approximately $200 million is expected to be available for distribution to Class Members. Payments will be determined on a pro rata basis, meaning that the amount each individual Class Member receives will be based on the number of valid claims submitted. The distribution plan provides for a minimum payment of $10 for each individual or business that makes a claim.
The only way to receive a payment from the DRAM price-fixing settlement is to submit a valid Claim Form, postmarked no later than Aug. 1, 2014.
Proof of Purchase
None required. However, it is possible that the Claims Administrator may request it at a later time, so save any documentation/proof that you may still have.
Claim Form Deadline
8/1/2014
Case Name
In re: DRAM Antitrust Litigation, MDL No. 1486, in the U.S. District Court for the Northern District of California.
Case Summary
DRAM, which stands for Dynamic Random Access Memory, is a form of fast and inexpensive data storage essential to the operation of computers and other digital devices. Class action lawsuits have been filed against the manufacturers of DRAM, alleging that they fixed the prices of DRAM from Jan. 1, 1998 through Dec. 31, 2002, resulting in overcharges to people and businesses that bought DRAM or devices containing DRAM. The defendants have denied the allegations but agreed to settle the class action lawsuit to avoid the uncertainty and expense of litigation.
The class action settlements involve the following types of DRAM:
- Extended Data Out (EDO)
- Fast-Page Mode (FPM)
- Reduced Latency (RLDRAM)
- Synchronous (SDRAM)
- Rambus (RDRAM)
- Asynchronous (ASYNC)
- Double Data Rate (DDR)
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The class action settlements do not include static random access memory (SRAM).
Final Hearing
6/25/2014
Settlement Website
Claims Administrator
DRAM Indirect Purchaser Antitrust Litigation
P.O. Box 8097
Fairbault, MN 55021-9497
1-800-589-1425
Class Counsel
COOPER & KIRKHAM PC
STRAUS & BOIES LLP
GUSTAFSON GLUEK PLLC
MOGIN LAW FIRM PC
Defense Counsel
N/A
UPDATE: Several Class Members filed objections to the DRAM class action settlement on May 5, 2014, saying it contains flaws in how damages are calculated for Class Members. Others object to how high the charitable award payments are.
UPDATE 2:Â The Settlement Administrator is telling claimants to let their friends, family and co-workers know about the computer chip price-fixing settlement. The deadline to file a claim is August 1, 2014, so act quickly!Â
UPDATE 3: On June 25, 2014, a California federal judge gave final approval to the computer chip price-fixing class action settlement.
UPDATE 4: According to the Settlement Administrator, Class Members who filed a valid and timely Claim Form should expect a settlement check in July 2016.Â
UPDATE 5: On July 7, 2016, Top Class Actions readers who submitted timely and valid claims for the DRAM settlement began receiving checks worth as much as $72.69.
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163 thoughts onDRAM Price-Fixing Class Action Settlement
Claim came in today July 8 2016. Massachusetts $183.63
$39.14 in NY
$42.33 in wisc
outlaw must have claimed 50 items cause payout 3 to 4 dollars per item
Outlaw nice payout
Thanks. I had servers and if I would have claimed everything it would have got me more but what I claimed ,I did have receipt’s just in case they would have asked
$181.63 FLORIDA
UPDATE 5: On July 7, 2016, Top Class Actions readers who submitted timely and valid claims for the DRAM settlement began receiving checks worth as much as $72.69.
$72.69 in WI
I called over three times today just to verify validity and was told the claim # which was valid and that the claim amounts would be available at a later time & to be patient the check was sent… A late birthday warning couldn’t be any more special… Good luck to all of us who filed a timely and valid claim….It sure took long enough..
The Court finds that after deduction of Court-awarded and approved attorneys’ fees, incentive awards and expenses, and the establishment of the Reserve Account, the funds available for distribution to the Indirect Purchaser Settlement Class as of April 30, 2016 was $191,195,595. Rust shall pay this amount plus interest earned, if any, pro rata to all Approved Indirect Purchaser Class Claims in the manner designated by the Plan of Distribution and this Order as soon as practicable. ************************************Folks, there were 443.321 Valid Small Claims, amounts will vary but by the looks of it (And someone just posting they received a check for $72.69 on TCAs FB Page) we are definitely getting more than $10!! I guess it will be based on how much DRAM our products used when we filled out the claim. Good luck everyone!