Full Answer
About DRAM Antitrust Litigation
Plaintiffs who purchased a DRAM module between 1998 and 2002 may be eligible to receive a portion of a $310 million settlement. DRAM, also known as Dynamic Random Access Memory, is a component of many different computerized devices, such as desktop computers, digital cameras, DVD players, and MP3 players.
Convert Your Slow-Paying DRAM Legal Fees into Immediate Capital
Stop waiting on slow-paying settlements and take control of your law firm’s cash flow. RD Legal Funding focuses solely on post-settlement advances where there is a delay in payout of your legal fee.
What are class actions against RAM?
In the Class Actions, plaintiffs allege that defendants unlawfully agreed to fix, raise, maintain and stabilize the prices of DRAM and/or to allocate among themselves major customers and accounts in violation of the federal antitrust laws during the period of April 1, 1999 through June 30, 2002. Plaintiffs allege that, as a result of defendants' unlawful conduct, they and members of the Class paid more for DRAM than they would have in the absence of defendants' wrongful conduct. Defendants deny plaintiffs' allegations and have asserted numerous affirmative defenses. On June 5, 2006, the Court certified the Class described above.
When was the San Francisco settlement hearing?
On November 1, 2006, April 18, 2007 and August 1, 2007, hearings were held in San Francisco, California. The Court determined that each of the proposed settlements were fair, adequate and reasonable to the Class, approved each settlement and dismissed the litigation with prejudice against the Settling Defendants. THERE ARE NO NON-SETTLING DEFENDANTS LEFT IN THIS LITIGATION.
When was the settlement approved in 2021?
Important Update: The Settlement received final approval from the Court on June 7, 2021. You may review the Final Approval Order and Judgment here .
What does the Settlement provide?
has agreed to pay $31 million into a Settlement Fund to fully settle and release claims of all persons in the United States and its territories who purchased, from persons OTHER THAN Keurig and not for the purpose of resale, Keurig K-Cup Portion Packs during the time periods detailed above.