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

 |  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.

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.

Full Content: Long Island Exchange

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