DRAM Price-Fixing Investigation
Zimmerman Reed is investigating allegations that the top three manufacturers of dynamic random-access memory (DRAM) conspired to limit the supply and fix the prices of DRAM from 2016-2017. DRAM is an electronic memory part that allows for storage and retrieval of electronic data, and is sold by itself or as a part of smartphones or electronic devices such as computers, printers, and video game consoles. DRAM is advantageous for its basic design, speed, and low cost compared to a variety of other memory components. It’s alleged that the three major companies – Samsung, Micron, and Hynix – who control nearly the entire DRAM market, agreed to limit the DRAM supply, causing a price surge. This is not the first time DRAM manufacturers have been under scrutiny. In 2002, the Department of Justice launched a criminal investigation with similar allegations against certain DRAM manufacturers. In 2013, a $310 million settlement was reached between individual purchasers and state attorneys general and certain DRAM manufacturers.
Computer based businesses that purchased DRAM from June 1, 2016 to February 1, 2018, may have collectively overpaid millions of dollars as a result of this alleged price fixing scheme. Call our firm at 1.800.887.8029 to learn how we may be able to get amounts your business overpaid back.
DRAM Price Inflation
From August 2014 to May 2016, the competition among manufacturers led to a decline in the cost of DRAM. However, it’s alleged that by March 2016, the three manufacturers started colluding to artificially inflate DRAM prices throughout the supply chain. By June 1, 2016 DRAM prices began to skyrocket and the mainstream price of a 4GB DRAM rose significantly. Revenue from global DRAM sales more than doubled from June 1, 2016 to February 1, 2018.
How We Can Help
Fortunately, antitrust laws allow businesses to stand up and take action. If your business purchased DRAM from June 1, 2016 to February 1, 2018, you likely paid an inflated price. We are available to assist you in determining if you may have paid more than you should have. If you would like to talk with our team about your potential claim, please call us at 1.800.887.8029 or fill out our free case review. Zimmerman Reed is experienced in handling antitrust claims for businesses and we welcome your questions.