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US: Consumers set to recover funds from memory chip price-fixing settlement

By  |  March 4, 2014

New York Attorney General Eric Schneiderman announced Tuesday that consumers can now begin to file claims to recover part of a $310 million settlement by manufacturers of DRAM computer chips, say reports.

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    The memory chip makers were found to have conspired to fix product prices, manipulating the cost of various electronics, including computers.

    The settlement offer follows a lawsuit filed by EG Schneiderman and other attorneys general.

    ”Illegal price-fixers are an affront to our free-market system and should not be tolerated,” AG Schneiderman said.

    New York pursued its own investigation in 2006 of the allegations following a federal probe.

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