This class action alleges that the defendants engaged in unlawful price fixing of Dynamic Random Access Memory (DRAM) during the time period April 1, 1999 to June 30, 2002 (the “Class Period”). DRAM is a commonly used semiconductor memory product found in computers, servers, telecommunications and a host of other consumer electronic products. The manufacturers of these chips pleaded guilty in the United States for fixing the prices of DRAM rather than engaging in proper competitive practices. Class actions have also been initiated in Ontario and Quebec.
Pour de plus amples information en Français, vous pouvez consulter le site Internet: http://www.recourscollectif.info/fr/dossiers/dram/
The Plaintiffs and Class Counsel have now developed a draft settlement distribution plan to pay settlement funds to class members. A copy of the draft distribution plan is available below:
Class Counsel retained the Honourable Ian Binnie, a retired justice of the Supreme Court of Canada, and Dr. Thomas Ross, a senior economist with the Sauder School of Business, to provide independent advice and findings about the distribution of the settlement funds among class members. Dr. Ross has written reports regarding the distribution of settlement funds in this matter, copies of which are:
Justice Binnie held a hearing on May 21, 2014 where he reviewed the proposed distribution protocol. He has since written a report recommending that the courts in BC, Ontario and Quebec approve the proposed distribution protocol. A copy of his report is available here:
The courts will be asked to approve the distribution protocol at the hearings in September discussed below.
Settlement Class members may be required to file a claim for payment at a later time. Settlement Class members who have proof of purchase of DRAM Products purchased during the Class Period (April 1, 1999 to June 30, 2002) should retain those proofs of purchase. Class Counsel recognize that not all class members will have proof of purchase.
Monitor this website for updates on the class actions and future claims process.
The plaintiff has reached settlements with
With the previous settlements, the total settlements in this matter now total approximately $80 million.
These settlements require approval from the Courts to become effective. The Courts will be asked to approve the distribution protocol at the hearings in September discussed below.
To view a full list of previous settlements click HERE.
At hearings in September, Class Counsel will be seeking the approval of the Courts of:
These hearings will be held:
These hearings affect the rights of class members. Class members wishing to object to these settlements must do so no later than Monday, August 25, 2014. For more information please refer to the following documents:
Class Counsel legal fees and disbursements must be approved by the Courts. Class Counsel will collectively be requesting legal fees of up to 30% of the settlement funds, plus disbursements and applicable taxes to be paid out of the settlement funds.
Class Counsel will request these fees at the hearings in September discussed above.
For more information please view:
To view procedural history details and associated documents click HERE.
For further information concerning this action, please contact Linnae Roach, Paralegal, at 604-331-9523, or email email@example.com.
DRAM: Plan to pay funds to class members and $80 million in settlements – approvals sought - View
DRAM Class Action: the Hon. Ian Binnie to consider Distribution of Settlement Funds - View
DRAM Class Action: Samsung and Hynix settlements approved - View
DRAM Class Action: Defendants’ appeal of class certification denied - View
DRAM Class Action: Hearings to Approve Settlement Agreements with Samsung and Hynix to be heald June and July, 2013 - View
DRAM Class Action – Notice of January 24, 2013 Settlement Agreement Approval Hearings for Micron, Nanya, NEC, Hitachi and Renesas Settlement Agreements - View