34 states sue DRAM companies
SAN FRANCISCO — Thirty-four states filed lawsuits in U.S. federal court here against eight DRAM manufacturers and their subsidiaries, charging price-fixing. The lawsuits are part of a coordinated effort, according to a statement released by the New York state attorney general's office Thursday (July 13).
Since 2002, the Justice Department has been conducting a probe of alleged DRAM price fixing in the late 1990s and early part of this decade.
Four companies and 12 executives have so far pleaded guilty to participating in the conspiracy and have been assessed more than $730 million in fines.
http://www.eetimes.com/news/semi/showArtic...cleID=190400150QUOTE
DRAM Makers Accused of Price Fixing
Posted by Zonk on Friday July 14, @09:27AM
from the a-little-monopoly-between-friends dept.
AdamWeeden writes "According to the EETimes, many of the states in the U.S. have entered into a class-action lawsuit against a group of eight DRAM manufacturers. The companies are accused of price-fixing computer memory for over five years, beginning in the late 1990s." From the article: "Four companies and 12 executives have so far pleaded guilty to participating in the conspiracy and have been assessed more than $730 million in fines. In May, three of the four companies, Samsung Electronics, Hynix Semiconductor Inc. and Infineon Technologies AG agreed to pay a total of $160 million to settle class action suits related to price fixing. Elpida Memory Inc., the fourth company to plead guilty, is still involved in the class-action suits."
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