Hood: Mississippians eligible for par...

Hood: Mississippians eligible for part of $310M computer chip settlement

Posted in the Lucedale Forum

“John 3:16”

Since: Sep 09

Location hidden

#1 Mar 5, 2014
Mar. 5, 2014 1:45 PM |

Mississippi consumers can file claims to recover money due to court preliminary approval of a multi-state $310 million settlement with all major manufacturers of Dynamic Random Access Memory computer chips (DRAM), Mississippi Attorney General Jim Hood announced today
The companies are accused of conspiring to fix prices.
In 2006, Mississippi and other states, filed antitrust lawsuits in federal court alleging that consumers over-paid for electronic devices containing DRAM for their purchases made from 1998 to 2002. DRAM is a common form of memory chip found in computers and other high technology devices.
The settlements, reached in conjunction with class actions, pay individuals and businesses that purchased DRAM or devices containing DRAM in the U.S. during 1998 to 2002 from someone 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 the 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 claims made. 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 1-800-589-1425.
Any consumer who purchased one or more of the following between 1998 and 2002 is eligible to make a claim:
•Desktop computers
•Laptop computers
•Computer servers
•Computer graphics cards
•Printers
•Video game consoles
•MP3 players
•PDAs
•DVD players
•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 to the settlements, including the resolution of any appeals. It is anticipated that final approval will occur within the next two to three years.
Mississippi also pursued monetary relief for DRAM purchases by state agencies, universities, and colleges during 1998 to 2002 and recovered $481,666. These government entities should anticipate receiving funds from a separate portion of these settlements with details to be announced after final approval of the settlements.
For more information about the settlements, visit www.DRAMclaims.com or call 1-800-589-1425

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Lucedale Discussions

Title Updated Last By Comments
Arrons 11 hr carmen 1
Lucedale Fri just_do_it 2
black-panther-invasion Jul 13 just_do_it 1
Sonic Jul 8 Lnb 2
Building Permit (Jan '11) Jun '16 Ponderosa1969 10
Car cranking Jun '16 Bullhauler 1
Cost of a Septic Tank in Lucedale (Feb '12) May '16 Kimberly 11

Lucedale Jobs

More from around the web

Personal Finance

Lucedale Mortgages