DRAM Price Fixing

DEFENDANT NAME: Micron Technology Inc., Micron Semiconductor Products Inc., Samsung Electronics Co., Samsung Semiconductor Inc., SK Hynix Inc., SK Hynix America Inc.
STOCK SYMBOL:
CASE NUMBER: 3:18-cv-02518
CASE NAME:
COURT: U.S. District Court for the Northern District of California
PRACTICE AREA: Antitrust Litigation
STATUS: Active
CLASS PERIOD:
LEAD PLAINTIFF DEADLINE:
DATE FILED: 04/27/18
COURT LOCATION:
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Did you purchase a smartphone or computer from 2016-2017?

Electronics manufacturers may have illegally inflated prices of the memory in your device. Fill out the form to find out your consumer rights »

An investigation has revealed that a group of the largest electronics manufacturers that produce dynamic random-access memory (DRAM) may have agreed to collectively raise the price of memory used in mobile phones and computers from 2016-2017, illegally inflating the price paid by consumers. This collusion, if proven, would violate federal antitrust laws, and attorneys believe those who purchased an affected phone or computer deserve repayment. 

ABOUT THE PRICE-FIXING

DRAM is widely used in digital electronics, specifically in modern computers and graphics cards.

The investigation involves Micron, Samsung and Hynix, and points to a scheme between the manufacturers. According to attorneys, the DRAM manufacturers agreed to limit the supply of DRAM, a critical component of phones and computers – therefore driving up prices for this widely used memory. If true, this resulted in an illegal price-fixing scheme that led to consumers overpaying for electronics.

DRAM saw a 47 percent jump in price-per-bit in 2017, the largest jump in 30 years.

YOUR CONSUMER RIGHTS

The lawsuit seeks reimbursement for the fraudulent price increases pushed onto consumers. Hagens Berman believes that those who unknowingly paid high prices for their computers and mobile devices deserve compensation for the greed and wrongdoing of these major electronics corporations.

TOP CONSUMER RIGHTS FIRM

Hagens Berman is one of the most successful consumer litigation law firms in the U.S. and has achieved more than $260 billion in settlements for consumers in lawsuits against food corporations, automakers, big banks and others. Hagens Berman won a similar suit in 2006 against DRAM manufacturers, winning $300 million for purchasers who had been forced to pay artificially high prices. Your claim will be handled by experts in consumer law.

NO COST TO YOU

There is no cost or fee whatsoever involved in joining this case. In the event Hagens Berman or any other firm obtains a settlement that provides benefits to class members, the court will decide a reasonable fee to be awarded to the class' legal team. In no case will any class member ever be asked to pay any out-of-pocket sum.


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04/27/18: Case Filed