IMPORTANT DATES & DEADLINES |
Objections: |
filed and served
7-6-07 |
Settlement Hearing: |
8-1-07 |
Attorneys' Fees, Expenses And Incentive Benefits Hearing: |
8-15-07 |
|
|
|
Class Actions are pending against certain manufacturers of DRAM. In the Class Actions, plaintiffs allege that defendants unlawfully agreed to fix, raise, maintain and stabilize the prices of DRAM and/or to allocate among themselves major customers and accounts in violation of the federal antitrust laws during the period of April 1, 1999 through June 30, 2002. Plaintiffs allege that, as a result of defendants' unlawful conduct, they and members of the Class paid more for DRAM than they would have in the absence of defendants' wrongful conduct. Defendants deny plaintiffs' allegations and have asserted numerous affirmative defenses. On June 5, 2006, the Court certified the Class described above.
This notice is given pursuant to the Federal Rules of Procedure and an Order of the United States District Court for the Northern District of California to inform Class Members that, in exchange for the release of claims by Settlement Class members against the defendants who have settled, three separate proposed settlements have been reached with: (i) Mosel Vitelic Corp.; (ii) Mosel-Vitelic, Inc.; and (iii) Nanya Technology Corporation USA. For a list of other defendants in this Action, please see the Notice.
A hearing will be held on August 1, 2007 in San Francisco, California, to determine whether each of the proposed settlements are fair, adequate and reasonable to the Class, and whether, therefore, this litigation should be dismissed with prejudice against the Settling Defendants.
A hearing on Class Counsel’s request for attorneys’ fees and reimbursement of expenses and request for incentive benefits to Class Representatives will be held on August 15, 2007 in San Francisco, California.
These are the third group of settlements reached in this litigation. There are no non-settling defendants left in this litigation. The Court has granted final approval of the first group of settlements with (i) Infineon Technologies AG and Infineon Technologies North America Corp.; (ii) Samsung Semiconductor, Inc.; and (iii) Hynix Semiconductor Inc. and Hynix Semiconductor America, Inc. and the second group of settlements with (i) Elpida Memory Inc. and Elpida Memory (USA) Inc.; (ii) NEC Electronics America, Inc,; (iii) Winbond Electronics Corporation and Winbond Electronics Corporation America; and (iv) Micron Technology, Inc. and Micron Semiconductor Products, Inc., through its Crucial Technology Division.
The settlement funds will be distributed at a later date, and therefore no claim forms are to be submitted at this time.
You do not need to do anything at this time to remain in the Class. If you change your address, or if the Notice was not mailed to your correct address, you should immediately provide your correct address in writing to the Class Administrator at the address listed below.
Members of the Class will be entitled to receive money from the settlement fund when it is ultimately distributed. At final approval, Class Counsel and Plaintiffs will ask the Court to approve a plan of allocation and distribution of the Net Settlement Fund on a pro rata basis among Class members based on the dollar amount each Class member paid to Defendants for direct purchases of DRAM from the Defendants during the period of April 1, 1999 through June 30, 2002. If you did not exclude yourself from the Class or have otherwise settled or released Defendants, there is not another opportunity to request exclusion from the Class. If you want to object to any or all of the settlements, you must file a written objection not later than March 26, 2007.
A more detailed description of this litigation, the proposed settlements and your rights as a Class Member is contained in the Notice of Partial Class Action Settlements and Request for Attorneys’ Fees and Expenses and Incentive Benefits (the "Notice").
Questions concerning the matters contained herein should be directed to the following Class Counsel:
GUIDO SAVERI
R. ALEXANDER SAVERI
SAVERI & SAVERI, INC.
111 Pine Street, Suite 1700
San Francisco, CA 94111
(415) 217-6810 (telephone)
(415) 217-6813 (facsimile) |
ANTHONY D. SHAPIRO
HAGENS BERMAN SOBOL SHAPIRO, LLP
1301 Fifth Avenue, Suite 2900
Seattle, WA 98101
(206) 623-7292 (telephone)
(206) 623-0594 (facsimile) |
FRED TAYLOR ISQUITH
WOLF, HALDENSTEIN, ADLER, FREEMAN & HERZ
270 Madison Avenue
New York, NY 10016
(212) 545-4600 (telephone)
(212) 545-4653 (facsimile) |
Please email or write the Class Administrator at the address below if your address changes. |
DRAM Antitrust Litigation
c/o Rust Consulting, Inc.
P.O. Box 24657
West Palm Beach, FL 33416
Toll-free Phone: 866-483-9938
Email: dram@rustconsulting.com |
|
|