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Wisconsin joins price-fixing suit vs. D-RAM makers

Madison, Wis. - Wisconsin has joined 33 other states in filing a price-fixing lawsuit against seven microchip manufacturers.

States filed the complaint in San Francisco federal court against seven manufacturers of dynamic random access memory microchips (D-RAMs), accusing them of violating federal and Wisconsin antitrust laws from 1998 to 2002.

The complaint alleges that t......

Full article >>> Stock prices of defendant companies were falling as negotiations continue. Bloomberg News reported that shares of Samsung declined two percent to 588,000 won as of 10:43 a.m. in Seoul, while Hynix dropped 2.4 percent and Elpida lost two percent to 4,430 yen in Tokyo.

Wisconsin's involvement was not spurred by the consumers that would have been most directly harmed by price-fixing.......

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Source:wistechnology.com By WTN News 07/14/06


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