Consumers who purchased computers, video game consoles, and other electronic devices containing dynamic random access memory (DRAM) purchased between 1998 and 2002 may be eligible for a part of a $310 million settlement announced Tuesday by Connecticut Attorney General George Jepsen.
Multiple lawsuits were filed against a number of overseas manufacturers of computer memory, alleging that the competing companies conspired to fix the price of DRAM chips which in turn drove up the cost of electronics manufactured at the time. Connecticut participated in an investigation in 2006 along with a number of other states that resulted in the settlement.
“Connecticut consumers, along with consumers nationwide, deserve the benefits and price advantages of a free and open marketplace when shopping for computers and other electronic devices,” said Attorney General Jepsen. “When companies conspire together to fix prices for a product, they illegally eliminate competition and harm consumers.”
Eligible consumers are asked to submit a claim to the claims administrator before August 1, 2014. Claims can be filed online at www.DRAMclaims.com or by calling 1-800-589-1425.
The amount of money available to consumers in the settlement will depend on how many apply for one, but most claimants are expected to receive a minimum of $10 depending on the equipment they purchased during the time period.