A while ago, a class action lawsuit was filed against 12 companies who manufactured DRAM. The lawsuit alleged that these companies – Elpida, Hitachi, Hynix, Infineon, Micron, Mitsubishi, Mosel, Nanya, NEC, Samsung, Toshiba and Winbond – had colluded with one another to fix the prices of DRAM. The lawsuit has since been a success and the result is a $310 million settlement.
Now according to a report from GamesIndustry, those who might have purchased DRAM or a product with DRAM (such as PCs or consoles) between 1998 and 2002 will be eligible to apply for a slice of the settlement pie.
The payout will not be particularly huge and could range from as low as $10 to as high as $1,000, depending on the amount of DRAM purchased. Chances are if you are an individual, your payout could be less compared to others who might have purchased a larger quantity for business/education purposes.
For those who think that they qualify for the payout or wants to check if they qualify for it, you can head on over to the settlement website to stake your claims. We should note that you will have to file for your claim before the 1st of August if you hope to get any of that settlement.
The $310 million is also the collective settlement as not all companies were charged equally. For example Samsung was the one who paid the most at $113 million, meaning that a third of the settlement fee actually comes from just Samsung alone!
It is also expected that out of the $310 million settlement, $200 million will be paid out to claimants while the rest will go towards legal fees and government charges.