All those, who bought computer or any other device containing DRAM chips between 1998 and 2002, are entitled to receive compensation under a $310 million national settlement.
A class action lawsuit filed against twelve companies who manufacture DRAM (Dynamic Random Access Memory) has finally reached a settlement. In the lawsuit, the plaintiffs alleged that these companies - Samsung, Toshiba, Mitsubishi, Hitachi, Elpida, Hynix, Micron, Infineon, Mosel, Nanya, NEC, and Winbond - had fixed the prices of DRAM from January 1, 1998 through December 31, 2002 at inflated levels. As a result, people and businesses overpaid for DRAM modules, as well as for devices containing DRAM chips. Although the defendants have denied this claim, they’ve agreed to pay $310 million to settle the suit.
Under this Settlement, all those who might have bought DRAM or DRAM containing products are eligible to get some cold hard cash as compensation. Qualifying device includes PCs, game consoles, printers, MP3 players, graphic cards, PDAs, DVD players, DVRs, and servers. However, remember, direct purchases made from the DRAM manufacturers are not included.
As per the reports, $200 million will be paid out to eligible claimants out of $310 million settlement amount, while the remaining amount will be spent for legal fees and government charges. The compensation amount is not fixed for Class Members - it could range from as low as $10 to as high as $1000 - depending on number/type of DRAM modules or devices containing DRAM purchased.
So if you think that you’re an eligible Class Member, then make sure to file your claim before 1st of August, 2014 in order to receive a payment. To file a claim, you can fill up and submit a claim form online. Alternatively, you can even download a claim form or call 1-800-589-1425 and request for a Claim form. Then, fill up the form and mail it to the following address:
DRAM Indirect Purchaser Antitrust Litigation
P.O. Box 8097
Faribault, MN 55021-9497
Note: It must be postmarked by August 1, 2014. And no proof of purchase is necessary to make a claim.
Highlights of DRAM Class Action Settlement
Official Website:www.DRAMclaims.com
Settlement amount: $310 million
Link to get claim form:dramclaims.com
Address to submit a claim form:
You can either submit the form online at www.DRAMclaims.com or you can mail it to:
DRAM Indirect Purchaser Antitrust Litigation
P.O. Box 8097
Faribault, MN 55021-9497
Toll Free number for help: 1-800-589-1425
Important Dates:
Exclusion Deadline: May 5, 2014
Objection Deadline: May 5, 2014
Fairness Hearing: June 25, 2014
Deadline to file a claim online or by mail: August 1, 2014
Image Source:polygon.com
A class action lawsuit filed against twelve companies who manufacture DRAM (Dynamic Random Access Memory) has finally reached a settlement. In the lawsuit, the plaintiffs alleged that these companies - Samsung, Toshiba, Mitsubishi, Hitachi, Elpida, Hynix, Micron, Infineon, Mosel, Nanya, NEC, and Winbond - had fixed the prices of DRAM from January 1, 1998 through December 31, 2002 at inflated levels. As a result, people and businesses overpaid for DRAM modules, as well as for devices containing DRAM chips. Although the defendants have denied this claim, they’ve agreed to pay $310 million to settle the suit.
Under this Settlement, all those who might have bought DRAM or DRAM containing products are eligible to get some cold hard cash as compensation. Qualifying device includes PCs, game consoles, printers, MP3 players, graphic cards, PDAs, DVD players, DVRs, and servers. However, remember, direct purchases made from the DRAM manufacturers are not included.
As per the reports, $200 million will be paid out to eligible claimants out of $310 million settlement amount, while the remaining amount will be spent for legal fees and government charges. The compensation amount is not fixed for Class Members - it could range from as low as $10 to as high as $1000 - depending on number/type of DRAM modules or devices containing DRAM purchased.
So if you think that you’re an eligible Class Member, then make sure to file your claim before 1st of August, 2014 in order to receive a payment. To file a claim, you can fill up and submit a claim form online. Alternatively, you can even download a claim form or call 1-800-589-1425 and request for a Claim form. Then, fill up the form and mail it to the following address:
DRAM Indirect Purchaser Antitrust Litigation
P.O. Box 8097
Faribault, MN 55021-9497
Note: It must be postmarked by August 1, 2014. And no proof of purchase is necessary to make a claim.
Highlights of DRAM Class Action Settlement
Official Website:www.DRAMclaims.com
Settlement amount: $310 million
Link to get claim form:dramclaims.com
Address to submit a claim form:
You can either submit the form online at www.DRAMclaims.com or you can mail it to:
DRAM Indirect Purchaser Antitrust Litigation
P.O. Box 8097
Faribault, MN 55021-9497
Toll Free number for help: 1-800-589-1425
Important Dates:
Exclusion Deadline: May 5, 2014
Objection Deadline: May 5, 2014
Fairness Hearing: June 25, 2014
Deadline to file a claim online or by mail: August 1, 2014
Image Source:polygon.com
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