Micron settles SRAM price-fixing allegations
October 2nd, 2012
Micron has agreed to pay $300,000 to settle a class proceeding alleging that it participated in a conspiracy to fix prices for Static Random Access Memory (SRAM). SRAM is a type of memory used in computers, cellular phones, and game consoles. Micron also agreed to cooperate with the plaintiffs in the ongoing proceedings in British Columbia and Quebec. The settlement was approved on September 19, 2012.
Ontario resident David Bratton bought a blackberry cell phone containing an SRAM chip whose price he believes was fixed. He now seeks to bring a class action on behalf of all Canadians who bought products containing SRAM chips between January 1, 1998 and December 31, 2005. Alleged conspirators include Samsung, IBM, and Sony.