You could be eligible $80M class action settlement for Canadians 

 

Laurent Robillard-Cardinal

Consumers who purchased an electronic device between 1999 and 2002 can claim, since February 23, a minimum $20 compensation without a receipt or proof of purchase. This follows the settlement of a $80M class action settlement allowing Canadians to get money back for overpriced electronics.

 

The Canadian lawsuits alleged that several manufacturers were fixing the price of DRAM (dynamic random access memory) between April 1, 1999 and June 30, 2002, thereby inflating the cost of DRAM and most electronic devices. The DRAM chip is used in nearly all electronics, including computers, printers, personal digital assistants (PDAs), MP3 players and video game consoles.

 

The class action lawsuit is the first competition class action awareness campaign of this magnitude in Canada and was settled out of court. Nearly $80 million in settlement funds were obtained for the benefit of all Canadians who bought electronics during this period. “It’s a great outcome for Canadian consumers,” said J.J. Camp, partner at Camp Fiorante Matthews Mogerman. “We’ve made it easy for them to get their money back. I also think it’s an opportunity for all Canadians to show that they want healthy competition between consumer product companies.” To collect their due, the four law firms leading these class actions launched themoneyismine.ca campaign. Its purpose is to ensure as many Canadians as possible claim what they are owed.

 

Canadians and Canadian entities who purchased DRAM or electronic devices with DRAM between April 1, 1999 and June 30, 2002 are eligible. Canadians 18 and older can fill in the form to request money. Households must file as a unit.