SRAM Direct Purchasers Reach $25M In Settlements

By Richard Vanderford

Law360, New York (January 22, 2010, 6:32 PM ET) -- Micron Technology Inc., Mitsubishi Electric Corp., NEC Electronics and several other defendants in the ongoing static random access memory multidistrict litigation have agreed to settle the direct purchasers' price-fixing claims against them for a combined $25 million.

News of the settlements came out in a plaintiff's motion for approval, filed Thursday in the U.S. District Court for the Northern District of California. The plaintiffs in the MDL allege that semiconductor companies conspired to fix SRAM prices between 1996 and 2006.

The settlements, which also include defendants...
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