Thanks for the memory: DRAM defendants to pay $29m
Five groups of defendants in the DRAM class action have agreed to pay over $29 million to settle allegations that they fixed prices for DRAM memory chips. DRAM, which stands for dynamic random access memory, is a type of memory chip used in computers and other electronics. The plaintiffs claim that certain manufacturers and distributors of DRAM chips conspired to fix prices from April 1, 1999, to June 30, 2002. The settlements were reached over a two-year period. The first defendant to settle was Elpida Memory Inc., in 2011. The Elpida settlement was approved by court orders in Ontario, British ... [more] Full article
Consumers’ power to be tested as Supreme Court set to hear appeals on price fixing
"The cases are important because they will determine whether or not consumers can recover for losses caused by price-fixing several levels ahead of them in the distribution chain," said Michael Osborne, a Toronto-based litigator at Affleck Greene McMurtry LLP. [more] Full article
Micron settles SRAM price-fixing allegations
Micron has agreed to pay $300,000 to settle a class proceeding alleging that it participated in a conspiracy to fix prices for Static Random Access Memory (SRAM). SRAM is a ... [more] Full article
The Loss Stops Here
Indirect purchasers of a product that was the subject of a price fixing conspiracy cannot sue to recover losses passed on to them by direct purchasers, the British Columbia Court ... [more] Full article