Static Random Access Memory (SRAM) Indirect Purchasers Antitrust Settlement

Overview

Plaintiffs claim that the Defendants conspired to fix, raise, maintain or stabilize prices of SRAM in violation of antitrust, unfair competition and unjust enrichment laws, resulting in overcharges to customers who indirectly purchased SRAM. Defendants deny that they did anything wrong. The District Court did not decide who is right. Samsung and Cypress (the "Settling Defendants"), have agreed to settle with Plaintiffs; they continue to deny liability, but settled to avoid litigation expense and risk.

What is SRAM?

SRAM means all types of Static Random Access Memory parts and modules as well as pseudostatic random access memory (“PSRAM”). SRAM is used in a variety of product markets, including: (1) the communications market in cell phones and Voice Over Internet Protocol (VOIP) technology; (2) the computer market in servers, mainframes, high-end computer workstations, and personal digital assistants (PDAs) and smart phones; and (3) the networking communications market in routers, switches, proxy and gateway devices, modems, storage area networks and firewalls.

Class

You are a member of the Settlement Class if you indirectly purchased SRAM in the United States from one or more of the Defendants during the period from November 1, 1996 through December 31, 2006 (the “Class Period”). The Settlement Class includes indirect purchasers of SRAM that purchased and resold Defendants’ SRAM (“Resellers”), as well as indirect purchasers of Defendants’ SRAM that purchased it for their own use and not for resale (“End Users”).

Defendants

Cypress Semiconductor Corporation
Etron Technology, Inc.
Etron Technology America, Inc.
Hynix Semiconductor Inc.
Hynix Semiconductor America Inc.
Micron Technology, Inc.
Micron Semiconductor Products, Inc.
Mitsubishi Electric Corporation
Mitsubishi Electric & Electronics USA, Inc.

NEC Electronics Corporation
NEC Electronics America, Inc.
Renesas Technology Corp.
Renesas Technology America, Inc.
Samsung Electronics Company, Ltd.
Samsung Electronics America Inc.
Samsung Semiconductor, Inc.
Toshiba Corporation
Toshiba America Electronic Components, Inc.

Settlements: $41,322,000.00

Filing Deadline: Contact SRG

To learn more about this settlement and how SRG can help you in the recovery process, please contact us:

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Settlement Recovery Group, LLC (“SRG”) is not the official claims administrator, class counsel or any party in the case. SRG is a third party claims filing service that can be hired to file and track claims. We specialize in helping companies and small businesses file claims to obtain their fair share of settlement money from class action lawsuits once a settlement has been reached. Our services are voluntary and are not required to file a claim; claimants may file a no-cost claim on their own. This summary is for informational purposes only and is based on SRG’s review of publicly available case documents. Official information can be found on the case website and on the court docket. This summary is not and should not be construed as legal, tax, or other professional advice.

​Overview