DRAM (Dynamic Random Access Memory)

WHAT IS THE CLASS ACTION ALL ABOUT?

• 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?

• The class actions were led and managed by the following law firms:
  • Belleau Lapointe
  • CFM Lawyers LLP
  • Harrison Pensa, and
  • Sutts Strosberg

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?

The claims period ended on June 23, 2015. The lawyers and the claims administrator have been working hard since then to process the over 1 million claims that were received.

$20 Claims

Over 880,000 claims for the $20 simplified benefit were mailed out to those claimants in December.  The cheques sent will become stale-dated on June 11, 2016. Cash your cheque now, if you haven’t done so already.

All Other Claims (Standard Claims)

All other claims have been sent a decision notice by the claims administrator approving or rejecting their claim.

The Standard Form Claims have not yet been approved for payment by the Courts, but this approval is expected to occur in May 2016 with the mailing of cheques to follow shortly thereafter.

FOR MORE INFORMATION

Visit: themoneyismine.ca

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

OR

Contact Linnae Roach, Paralegal, at 604-331-9523, or email [email protected].

DRAM (Dynamic Random Access Memory) - Status Updates:

DRAM UPDATE: $20 claims were paid by cheques mailed in December 2016. - View