General Jepsen: Deadline to File DRAM Settlement Claim is August 1
Attorney General George Jepsen is
encouraging consumers to file claims to recover money from the $310 million
Dynamic Random Access Memory (DRAM) settlement before the quickly approaching
August 1, 2014 deadline. Consumers can file claims to recover money due to the
preliminary approval of multistate antitrust settlements with all the major manufacturers
of DRAM for conspiring to fix their prices.
Claim-eligible consumers include those who paid more for DRAM or
for the many electronic devices that contain DRAM. DRAM is a common form of
memory chip found in computers and other high-technology devices. Consumers and
businesses can file a claim if their purchases were made between 1998 and 2002.
“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.
If consumers or businesses purchased computers or other electronic devices
between 1998 and 2002, we encourage them to file a claim to receive money that
is potentially owed to them."
The settlements, reached in conjunction with a number of
class-action lawsuits, benefit individuals and businesses that purchased DRAM
or devices containing DRAM in the United States during 1998 to 2002 from
businesses other than a DRAM manufacturer, such as retailers like Best Buy or
Staples. The settlements also require the DRAM manufacturers to implement antitrust
compliance programs and enjoin them from certain conduct related to the sale of
DRAM that would violate antitrust laws.
To receive money from the settlement, eligible consumers need to
submit a claim form by August 1, 2014, with the settlements’
administrator. The amount of money received depends on the type and
quantity of electronic devices a claimant has purchased and the total number of
Individuals who purchased DRAM or products containing DRAM are
expected to get a minimum $10 payment and may end up receiving up to the amount
of the overpayment they actually made due to the alleged price fixing. To file
a claim, visit www.DRAMclaims.com or call
Any consumer who purchased one or more of the following products
between 1998 and 2002 is eligible to make a claim:
• Desktop computers,
• Laptop computers,
• Computer servers,
• Computer graphics cards,
• Video game consoles,
• MP3 players,
• DVD players, and
• Digital video recorders.
If you purchased other technology devices also containing DRAM
memory, you also may be eligible to make a claim.
Any payments resulting from the settlement cannot be made until
the court has granted final approval of the settlements, including the
resolution of any appeals. It is anticipated that final approval will occur
within the next few years. Also, if too many or few claims are received, the
court may order that the settlement funds be provided to public or non-profit
organizations in addition to or instead of consumers who file claims.
For more information about the settlements, visit www.DRAMclaims.com or call
Assistant Attorneys General Joseph Nielsen and Michael Cole, chief
of the Antitrust and Government Program Fraud Department, are assisting the
Attorney General with this matter.
General George Jepsen