Wikipedia Commons

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.

Lon Seidman

Lon Seidman

Lon Seidman is the host and producer of “Lon.TV,” a consumer technology video show that is on a number of platforms including YouTube and Amazon. He creates in-depth, consumer-friendly product reviews and commentary. His YouTube channel has over 300,000 subscribers and more than 100 million views.

In addition to being a full-time content creator, Lon is an adjunct faculty member at the University of Hartford (his alma mater) where he teaches a course in entrepreneurial content creation.

Prior to becoming a full-time creator, Lon was a partner at The Safety Zone, his family’s business that manufactures gloves and safety equipment. The company has locations around the globe and employs over 200 people worldwide. The Safety Zone was acquired by the Genuine Parts Corporation in 2016.

Lon is also active in public service, serving as the Chairman of the Essex Board of Education, a member of the Region 4 Board of Education, and as the Secretary / Treasurer of the Connecticut Association of Boards of Education. He was endorsed by both Democrats and Republicans for his re-election in 2021.

The views, opinions, positions, or strategies expressed by the author are theirs alone, and do not necessarily reflect the views, opinions, or positions of CTNewsJunkie.com.