DRAM Antitrust Action Nearing Final Settlement

Law360 (May 25, 2007, 12:00 AM EDT) -- The remaining three defendants in the DRAM antitrust class action have agreed to settle for $22 million, wrapping up a five-year court battle with a slew of computer chip makers.

The judge overseeing the action brought by direct purchasers against 18 DRAM manufacturers has already granted preliminary approval to the agreement, which would take the total settlement figure to more than $325 million.

If approved by the plaintiffs' class, the deal will resolve all actions in the case against final three defendants Mosel Vitalic Corp., Mosel Vitalic Inc., and Nanya Technology Corp. USA.

Co-lead class counsel, Tony Shapiro of Hagens, Berman,...

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