Samsung, Hynix And Micron Slapped With Class Action Suit Over DRAM Supply Collusion And value Gouging

As it stated in Samsung is too no stranger to value fixing, as a $300 mn judgement versus it and Hynix was handed drop in 2006 here in the United States. Today, however, Samsung and other DRAM industrialists are facing another legal fight in the U.S., and it comes courtesy of the law company Hagens Berman. According to Hagens Berman, the above trio of companies together command 96 % of the DRAM market. The companies' actions resulted in the value of 4GB of DRAM jumping 130 % during the class period (July 1, 2016 out of February 1, 2018). If the Hagens Berman name sounds familiar, it's because it was the company responsible for securing the aforementioned $300 mn settlement versus Samsung and Hynix.

Samsung, Micron, Hynix allegedly conspired to save DRAM prices high, class action suit filed

Another class action lawsuit has been filed, alleging which Samsung, Hynix, and Micron conspired to limit the supply of memory, saving user prices artificially high as a result. According to law company Hagens Berman, competition among between Samsung, Micron and Hynix were forcing prices to down on RAM, in spite of record request for the memory. "Instead of playing with the rules, Samsung, Micron and Hynix selected to put consumers in a chokehold, wringing the market for further profit. In the section of Justice's case, defendants were convicted for conspiring to mend prices of DRAM. 2018-04-27 Dram Class Action Complaint with Mike Wuerthele on Scribd

Class Action Suit Alleges Samsung, Micron And Hynix Colluded On DRAM Supply Causing value Inflation

referring to The class actions suit is being filed on behalf of US consumers of smartphones and personal computing products during the years of 2016 and 2017. The 3 defendant DRAM industrialists collectively make up 96 % of the universal DRAM market share as of 2017, the value of that has jumped as much as 130 % during the period detailed in the class action. Reportedly, during the same time period, revenues from the discounds of DRAM at Samsung, Hynix and Micron further than doubled. "This isn't the premier time we've caught the DRAM industry in a scheme to squeeze further money out of consumers," Berman added. You could discover further about the suit and sign-up here at the Hagens Berman site.

collected by :Molly Tony