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Micron, Samsung, SK-Hynix pursued over DRAM pricing

Micron, Samsung, SK-Hynix pursued over DRAM pricing

Business news |
By Peter Clarke



The lawsuit was filed on April 27, 2018 in the U.S. District Court for the Northern District of California against Micron, Samsung and SK Hynix and covers a period from July 1, 2016 to February 1, 2018. The lawsuit alleges that Samsung, Micron and Hynix, who controlled about 96 percent of the market between them, agreed to limit the supply of DRAM, driving up prices.

“What we’ve uncovered in the DRAM market is a classic antitrust, price-fixing scheme in which a small number of kingpin corporations hold the lion’s share of the market,” said Steve Berman, managing partner of Hagens Berman, in a statement. “Instead of playing by the rules, Samsung, Micron and Hynix chose to put consumers in a chokehold, wringing the market for more profit.”

The Hagens Berman firm filed and won a similar case about DRAM in 2006. At that time the firm achieved a $300 million settlement and Samsung and Hynix pleaded guilty to charges led by the Department of Justice.

The class action is on behalf in US consumers who purchased any electronic equipment that included DRAM between July 1, 2016 through February 1, 2018.

Related links and articles:  

www.hbsslaw.com

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