Investors Sue Micron Over Alleged Price-Fixing Plot
By Erik Larson
Law360, New York (April 17, 2006, 12:00 AM EDT) -- An antitrust lawsuit filed against Micron Technology Inc. last month over alleged price-fixing for its dynamic random access memory (DRAM) products has triggered a securities class action against the company, with shareholders claiming that Micron’s alleged anticompetitive conduct led to inflated stock prices.
Micron, which manufactures and sells semiconductor devices, was hit with the price-fixing charges ofin March in a class action lawsuit.
The latest suit, filed last week in the U.S. District Court of the District of Idaho, asserts that by engaging in the alleged...