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DRAM (Dynamic Random Access Memory)

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YOU PAID TOO MUCH!

Get your money back at themoneyismine.ca

WHAT IS THE CLASS ACTION ALL ABOUT?

Watch the video for a brief overview.


Watch the French version of the video.

  • DRAM (dynamic random access memory) manufacturers are alleged to have fixed prices between April 1, 1999, and June 30, 2002, inflating prices paid by Canadian consumers and Canadian entities, like businesses. The companies involved are Elpida, Micron, Nanya, NEC, Hitachi, Samsung, Hynix, Infineon, Mitsubishi, Toshiba and Winbond.
  • Many class action lawsuits were settled out of court: close to $80 million in settlement funds were obtained for the benefit of all Canadians and Canadian entities who bought electronics between April 1, 1999, and June 30, 2002.

WHO IS LEADING THE CLASS ACTION?

WHO WILL BENEFIT FROM IT?

  • Canadians and Canadian entities who bought DRAM or electronic devices with DRAM between April 1, 1999, and June 30, 2002 will benefit. Canadians 18 and older can fill out a form to request money. Households must file as a unit.

WHEN WILL THEY GET THEIR MONEY?

  • Canadians have until June 23, 2015, to request their money. A cheque will then be mailed to their address before the end of 2015.

HOW DO I CLAIM MY MONEY?

  • It’s easy: sign up at themoneyismine.ca. All households, businesses and other entities who bought DRAM are entitled to $20 without receipts. If you bought several electronic devices, you might have to submit some documents depending on the size of your claim. A calculator is available on the website.*

*The amount to be paid in respect of your claim may be prorated based upon the total value of valid claims submitted for that category of claims.

HOW MUCH MONEY WILL BE PAID OUT?

Close to $80 million was recovered in Canada. A minimum of $20 will be paid out on every approved request for money. Those who purchased many electronic devices containing DRAM, or DRAM itself, may be eligible for much more. For example, a small business with 25 employees could be entitled to several hundred dollars.*

*The amount to be paid in respect of your claim may be prorated based upon the total value of valid claims submitted for that category of claims.

WHY SHOULD I MAKE A CLAIM?

This is the first competition class action awareness campaign of this magnitude in Canada. Anyone claiming back money owed to them will be supporting and encouraging healthy competition between consumer product companies.

WHAT KIND OF ELECTRONIC DEVICES QUALIFY?

The class action covers all electronic devices containing DRAM. Some examples are:

  • Computers and servers
  • Printers
  • Personal digital assistants (PDAs)
  • Graphics cards
  • Video recorders and digital decoders
  • Video game consoles
  • MP3 players
  • Computer based point of sale systems

Compensation will also be paid respecting purchases of DRAM chips or modules for personal use, for manufacturing purposes or for resale.

WHO PAYS THE LAWYERS?

The courts supervising the class actions determine the percentage of the settlement funds and accrued interest that the lawyers will be paid. At the fee approval hearings in September 2014, some of the interest that had accrued was overlooked. The accrued interest was subsequently independently reviewed. In hearings before the three supervising courts in March and April 2015, the lawyers asked to be paid their share of fees on this overlooked interest. The three courts approved that request. For more information on how the overlooked interest was calculated, or to review the calculations, please contact us at dram@cfmlawyers.ca.

FOR MORE INFORMATION

Visit: themoneyismine.ca

Call Toll-free: 1-866-855-5586

Read the Short Notice or the Long Notice

OR

Contact Linnae Roach, Paralegal, at 604-331-9523, or email lroach@cfmlawyers.ca.

 

 

 




DRAM (Dynamic Random Access Memory) - Status Updates:

February 22, 2015

DRAM Class Action: Collect Money Owed to You - View

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