Elpida Settles DRAM Price-Fixing Suit For $6M

Law360, New York (March 30, 2012, 2:59 PM EDT) -- Computer chip maker Elpida Memory Inc. has agreed to pay $5.75 million to settle a Canadian consumer class action accusing it of conspiring to drive up the price of dynamic random access memory microchips, an Ontario court said Wednesday.

The Ontario Superior Court of Justice said the two sides agreed to the deal on Nov. 15, but a hearing was held March 27 in front of the court to certify the class for the purposes of the deal.

The settlement would also resolve claims against Elpida...
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