Antitrust laws exist to prohibit trade restraints that decrease competition among those engaged in commerce and trade. Competition is a vital part of our free enterprise system. It rewards the industrious and encourages innovation and efficiency. When businesses compete, consumers benefit from goods or services of higher quality at lower prices than would be available in the absence of competition.
The Illinois Antitrust Act was enacted in 1965. It is designed to supplement the federal antitrust laws in securing the benefit of free and open competition to Illinois businesses and consumers. The mission of the Antitrust Bureau of the Illinois Attorney Generalís Office is to enforce both state and federal antitrust laws for the benefit of Illinois consumers, businesses and governmental entities.
Check this page for updates on antitrust settlements and possible relief for Illinois residents and businesses.
DRAM (Computer Memory) Antitrust Settlement
CONSUMER REFUNDS FOR PURCHASERS OF COMPUTERS OR OTHER PRODUCTS CONTAINING DRAM MEMORY
On March 4, 2014, Attorney General Madigan announced that consumers can file claims to recover money they overpaid from 1998 through 2002 on their purchase of computers, printers, game consoles and other consumer electronic products that contained DRAM memory, as well as individual DRAM modules. These claims are part of a nationwide $310 million settlement that recently received preliminary judicial approval.
To receive money from the settlement, eligible consumers need to submit a claim form by August 1, 2014, with the settlementís administrator. The amount of money received depends on the type and quantity of electronic devices a claimant has purchased, and the total number of claims made. Individuals who purchased DRAM or products containing DRAM are expected to get a minimum $10 payment and may end up receiving up to the amount of the overpayment they actually made due to the alleged price fixing.
To submit a claim, eligible consumers are invited to visit www.DRAMclaims.com or call
Any consumer who purchased one or more of the following between 1998 and 2002 is eligible to make a claim:
Any payments resulting from the settlement cannot be made until the court has granted final approval to the settlements, including the resolution of any appeals. It is anticipated that final approval will occur shortly. Also, if too many or too few claims are received, the court may order that the settlement funds be provided to public or non-profit organizations in addition or instead of to consumers who file claims.
Attorney General Madigan also pursued monetary relief for DRAM purchases by the State of Illinois and Illinois local governments, universities and colleges from 1998 to 2002. These government entities will receive funds from a separate portion of these settlements with details to be announced after final approval of the settlements.
For more information about the settlements, visit www.DRAMclaims.com or call 1-800-589-1425.