Suit Claims Micron Engaged In Price-Fixing Scheme

Law360, New York (March 14, 2006, 12:00 AM EST) -- An antitrust lawsuit filed against Micron Technology last month over alleged price-fixing of its dynamic random access memory 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 anticompetitive charges on March 10 in a class action lawsuit alleging its participation in a price-fixing scheme.

The latest suit, filed last week in the U.S. District Court of Idaho, asserts that Micron’s alleged...
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