Class Action Lawsuit Accuses The Three Largest RAM Manufacturers Of Colluding To Drive Up Prices

Google News
Seventeen plaintiffs sue Samsung, SK Hynix, and Micron for allegedly colluding to keep RAM supplies low and inflate prices.

Summary

Seventeen individual plaintiffs, including three small computer retailers—Troy’s Computers LLC, JB Tech Solutions LLC, and WNTD Fab LLC—filed a class action lawsuit on June 25 in the Northern District of California against Samsung, SK Hynix, and Micron Technology. The suit alleges the three companies, which together control roughly 90% of the global DRAM market, are colluding to keep RAM supplies artificially low and inflate prices, using the rising demand from AI data centers as a pretext for their conduct. The plaintiffs cite prior DRAM price‑fixing convictions of Samsung and Hynix executives in 2005 and note the manufacturers’ stock prices have surged over 1,000% in the past five years. The case, Garciaguirre et al v. Samsung Electronics Co., Ltd. et al, seeks damages for alleged anticompetitive behavior.

(Source:Google News)

CNET

Lawsuit Targets Samsung and Other Chipmakers Alleging DRAM Price Fixing

FOX 4 News

How YouTube TV and DirecTV Stream subscribers can get a payout from Disney's $50M antitrust settlement

Los Angeles Times

Gas giants raise prices with AI in another hit to living costs, lawsuit says

Bloomberg Tax News

House Panel Moves Bills to Curb Some Class Actions, Revamp SEC

Calgary Herald

Class-action law suit filed over Alberta voter privacy breach tied to separatist groups

Calgary Herald

Class-action lawsuit filed over Alberta voter privacy breach tied to separatist groups

CP24 Toronto

Class-action lawsuit launched over Alberta voter database breach

Fox Business

How YouTube TV and DirecTV Stream subscribers can get a payout from Disney's $50M antitrust settlement

USA TODAY

Last chance to claim cash from the European Wax Center settlement

Cebu Daily News

Mandaue signs landfill settlement, eyes return to direct waste disposal

Brainerddispatch

Baxter, Mills Properties reach settlement on assessment - Brainerd Dispatch | News, weather, sports from Brainerd and Baxter

The Guardian

UK housebuilders face class action suit over alleged collusion to inflate prices

Billboard

Blur Drummer Dave Rowntree’s Proposed Class Action Against PRS For Music Struck Down by Appeals Judge

City A.M.

Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers

Devdiscourse

Billion-Pound Showdown: UK Housebuilders Face Legal Battle | Business