Feeds

The long war on 'DRAM price fixing' is over: Claim YOUR spoils now (It's worth a few beers)

Ripped off on a 256MB RAM stick? Today's your lucky day

The essential guide to IT transformation

Remember getting hosed on those 128MB DIMM RAM sticks back in Y2K? Well, it's time to exact your revenge: with a $10 payout.

A group of US Attorneys General have agreed to a $310m settlement package with memory chip makers, which is to be distributed among the public, following allegations of price gouging by vendors between the years 1998 and 2002. DRAM makers named in the paperwork include Samsung, Micron, Hynix, Infineon, NEC, and Toshiba. They all deny any wrongdoing, and settled out of court in California.

Under the terms of the deal, US residents and companies can file claims to receive a slice of the cash pie based on DRAM they purchased during the four-year period. The payouts start at $10, and the attorneys say the, er, victims could receive "much more" for their troubles.

The settlements come from a lawsuit first filed in 2007 that accused DRAM manufacturers of price-fixing. The allegations claim that over the four-year period spanning the turn of the century, the vendors sought to gouge customers by colluding to artificially drive up the price of memory.

Various other settlements have been reached previously, including a $300m deal in 2005 between Samsung and the US Department of Justice. The $310m being distributed now is the result of motions brought forward by 33 state Attorneys Generals on behalf of the public.

In order to claim a share of the loot, customers will need to file a claim by 1 August, 2014 through the DRAMclaims website or print out and send in a written claim form.

If, for whatever reason, users want to opt out of the agreement (most likely in order to file a separate suit) the deadline to file is 5 May. ®

The essential guide to IT transformation

More from The Register

next story
GCHQ protesters stick it to British spooks ... by drinking urine
Activists told NOT to snap pics of staff at the concrete doughnut
Britain's housing crisis: What are we going to do about it?
Rent control: Better than bombs at destroying housing
Top beak: UK privacy law may be reconsidered because of social media
Rise of Twitter etc creates 'enormous challenges'
What do you mean, I have to POST a PHYSICAL CHEQUE to get my gun licence?
Stop bitching about firearms fees - we need computerisation
Ex US cybersecurity czar guilty in child sex abuse website case
Health and Human Services IT security chief headed online to share vile images
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
Oz biz regulator discovers shared servers in EPIC FACEPALM
'Not aware' that one IP can hold more than one Website
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.