SRAM Price-Fixing Scheme Leads to Class Action Settlement

Did you purchase Static Random Access Memory (SRAM) between November 1, 1996 and December 31, 2006? If so, you may be able receive money from a class action settlement.

The class action settlement will resolve a lawsuit accusing nine companies of overcharging customers who purchased SRAM by conspiring to fix, raise, maintain or stabilize prices of SRAM, a memory module that is sold by itself or as a part in many computers, smart phones, PDAs and other electronic devices. Seven companies — Toshiba, Hynix, Micron, NEC, Mitsubishi, Renesas and Etron — deny any wrong doing but have agreed to pay a total of nearly $25.4 million to settle the class action lawsuit. Two other companies, Samsung and Cypress, have not settled and continue to battle the class action lawsuit.

If you purchased SRAM and/or products containing SRAM (including desktop computers, servers, mainframes, PDAs, smartphones, routers, switches, modems, storage area networks, firewalls and voice-over-internet protocol systems) between November 1, 1996 and December 31, 2006, you may be eligible for the class action settlement. For more information on the class action settlement and to see if you qualify, see the class action settlement notice or visit www.indirectsramcase.com. If you’re eligible and wish to remain a class member, you don’t have to do anything. If you wish to exclude yourself, you must do so by August 17, 2010. The final fairness hearing is scheduled for September 30, 2010.