D-RAM Price Fixing Class Action
“We believe this is the most successful claims process ever done for price fixing.”
Dynamic random access memory, also known as D-RAM, was alleged to be the subject of a global price-fixing conspiracy.
Our lawyers were members of a national team of lawyers that successfully litigated a case against the world’s largest D-RAM manufacturers, alleging that they entered into illegal agreements to set market share divisions, price targets, and price increases for D-RAM chips used in electronic devices between 1999 and 2002.
After many years of litigation, the matter was finally resolved by settlement. The settlement recoveries totaled approximately $80,000,000 in compensation to Canadians who purchased D-RAM or electronics containing D-RAM between 1999 and 2002.
Through a record-breaking notice and settlement distribution program, over 900,000 claims were successfully administered and paid out through the claims administration process. This success attracted national attention, as noted in the attached article by the Toronto Star.
