SAN FRANCISCO (Legal Newsline) – Three companies that control nearly 100 percent of the dynamic random access memory market are alleged to have conspired to fix prices.
Robert Binz, Jason Binz and Celeste Martins, individually and on behalf of all others similarly situated, filed a complaint on July 9 in the U.S. District Court for the Northern District of California against Micron Technology Inc., Micron Semiconductor Products Inc., Samsung Electronics Co. LTD, Hynix Inc., et al. over alleged violation of the Sherman Act, Cartwright Act and California's Unfair Competition Law.
According to the complaint, between June 1, 2016, and Feb. 1, 2018, the defendants combined and contracted to fix, raise, maintain or stabilize prices of their dynamic random access memory (DRAM) devices. The plaintiffs allege they paid more for DRAM products because of the defendants' alleged conspiracy.
The plaintiffs allege the defendants sold DRAM products to customers in the U.S. at noncompetitive prices and made false statements regarding the increase in cost of DRAM products.
The plaintiffs request a trial by jury and seek actual, statutory, punitive or treble damages, pre- and post-judgment interest, costs of suit, and all other relief to which plaintiffs and class members may be entitled at law or in equity. They are represented by Jeff D. Friedman of Hagens Berman Sobol Shapiro LLP in Berkeley, California and Steven J. Greenfogel and Mindee J. Reuben of Lite Depalma Greenberg LLC in Philadelphia.
U.S. District Court for the Northern District of California case number 3:18-cv-04090-JCS