The lawsuit In re Dynamic Random Access Memory (DRAM) Antitrust Litigation alleges that DRAM manufacturers conspired to illegally fix DRAM prices at inflated levels. As a result, businesses overpaid for computers containing DRAM, as well as for DRAM modules.
What products does it cover?
DRAM is computer memory that is assembled into modules. During the settlement period, more than 90% of DRAM was sold in computers. Some businesses purchased additional modules to increase the performance of their computers. Personal computers – either desktops or notebooks – make up the largest segment of the computer market.
Who is eligible?
Your company is eligible if it purchased computers or DRAM modules between 1999-2002 from computer manufacturers such as Dell, or from retailers, such as Best Buy, Circuit City, Costco, Wal-Mart, Target, or others.
How much will it pay?
The $285 million settlement will be paid pro rata, so the exact recovery will remain unknown until all claims are filed. The amount of your individual recovery will be based on both the quantity of qualifying products you purchased and the total participation of class members in the settlement.
What is the status?
The case has settled, and is awaiting delivery of the documents that describe the terms of the settlement (the Class Notice) and that outline the process for class members to collect their benefits (the Plan of Administration). These documents could be delivered any day.