NEC, Elpida Agree To Pay $51M To Settle DRAM Case

Law360, New York (December 8, 2006, 12:00 AM EST) -- A judge will consider giving preliminary approval next month to Elpida Inc. and NEC Electronics America’s agreement to pay about $51 million to settle allegations that they conspired to fix prices of computer memory chips.

Elpida has agreed to pay $14.75 million, and NEC will pay $35.9 million to settle the class action lawsuit, according to court documents filed in the U.S. District Court for the Northern District of California on December 1. The amounts are approximately 18% of the two manufacturers sales of Dynamic Random...
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