Cypress To Settle SRAM Antitrust MDL For $1M

Law360, New York (February 7, 2011, 2:04 PM EST) -- Cypress Semiconductor Corp. has agreed to pay $1 million to duck trial and settle claims by a class of indirect purchasers that it participated in a price-fixing conspiracy in the market for static random access memory.

Attorneys for the indirect purchasers said in a motion filed Thursday in the U.S. District Court for the Northern District of California that the deal should be granted preliminary approval because it represented “a significant recovery for the class.”

Cypress, the last remaining defendant in the indirect purchasers' case, agreed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.