A PYMNTS Company

Canada: Memory chip class action against Samsung finalized

By  |  May 31, 2013

A class action lawsuit against technology companies Samsung and Hynix, initiated over allegations the company fixed prices of DRAM – dynamic random access memory – has been settled. According to a press release, a judge has ruled that customers will be able to claim competition from the settlement fund, worth more than $38 million. Plaintiffs filed their case in British Columbia, Ontario and Quebec. DRAM is used in various computers and communication technologies. Both Canadian and US residents who purchased products with DRAM between April 1, 1999 and June 30, 2002 in Canada will be eligible for settlement payouts, according to the press release.

Full Content: Market Watch

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.