Proposed settlement reached in class action against Samsung and Hynix for alleged unlawful price fixing of dynamic random access

  Proposed settlement reached in class action against Samsung and Hynix for
     alleged unlawful price fixing of dynamic random access memory (DRAM)

PR Newswire

OTTAWA, May 31, 2013

Purchasers of DRAM or products containing DRAM may be eligible to claim
compensation from multi million dollar settlement fund

OTTAWA, May 31, 2013 /PRNewswire/ -  The Plaintiffs in class actions filed  in 
British Columbia, Ontario and Québec claim that Samsung Electronics Co., Ltd.,
Samsung Semiconductor  Inc., Samsung  Electronics  America, Inc.  and  Samsung 
Electronics Canada  Inc.  ("Samsung")  and  Hynix  Semiconductor  Inc.,  Hynix 
Semiconductor America Inc. and Hynix Semiconductor Manufacturing America, Inc.
("Hynix"), and numerous other DRAM  manufacturers conspired to fix the  prices 
for DRAM or products which contain DRAM  in Canada. DRAM is a type of  memory 
commonly used in computers and communication devices.

Today the  parties to  the lawsuit  announce settlements  with the  defendants 
Samsung and Hynix which are subject  to court approval. Samsung will pay  CAD 
$22,600,000 and Hynix will pay CAD  $15,600,000 for the benefit of  settlement 
class members  and  will  each  provide  cooperation  that  will  assist  with 
prosecuting the ongoing actions against remaining defendants in exchange for a
full release of claims against them and their related entities.

Residents of Canada or the United States at the time of purchase and/or at the
time of notice, who purchased DRAM or products which contained DRAM in  Canada 
between April 1, 1999 and June 30, 2002 are settlement class members.

In order for these settlements to  become effective, they must be approved  by 
the three  courts, which  must be  satisfied that  the settlements  are  fair, 
reasonable, and in  the best  interests of the  Class Members.  The dates  and 
locations for the approval hearings are as follow:

1. June 25, 2013, at the Québec Court in the city of Montreal at 2:00 p.m. in
   room 2.08.
2. June 27, 2013, at the British Columbia Court in the City of Vancouver at
   9:00 a.m.
3. July 16, 2013 at the Ontario Court in the City of Toronto at 9:30 a.m.

OPTIONS FOR CLASS MEMBERS

Persons who believe that they are Class Members have the following options:

  *SUPPORT THE SETTLEMENT - Class Members who support these proposed
    settlements, do not need to take any steps or appear at the approval
    hearings.

  *OBJECT TO THE SETTLEMENT - Class Members who wish to or object to these
    proposed settlements are required to submit a written objection to Class
    Counsel no later than June 21, 2013. Class Counsel will file copies of all
    objections with the courts.

DISTRIBUTION OF SETTLEMENT FUNDS

The settlement funds will be held in  trust for the benefit of the  settlement 
class members at this  time. The Plaintiffs and  Class Counsel are  currently 
developing a method for distributing the settlement funds to settlement  class 
members. The  courts will  be asked  to approve  the distribution  and  claims 
process at a later date with notice to the settlement class members.

WHERE CAN CLASS MEMBERS GET MORE INFORMATION?

  *For more information, or to register to obtain notice of approval of the
    settlement, visit: www.cfmlawyers.ca/dram

or contact Class Counsel:

In English                       In French
Mr. J.J. Camp, Q.C.              Me Maxime Nasr
Camp Fiorante Matthews Mogerman   Belleau Lapointe, s.a.
#400 - 856 Homer Street           306, Place d'Youville, Bureau B-10,
Vancouver, BC V6B 2W5             Montréal (Québec) H2Y 2B6
T: 1-800-689-2322                 T: 514-987-6700

  *Please note, this news release is just a summary.

Do not contact the courts directly about these settlements.

                                      

SOURCE DRAM Class Actions

Contact:

Mr. J.J. Camp, Q.C.
Camp Fiorante Matthews Mogerman
#400 - 856 Homer Street
Vancouver, BC V6B 2W5
T: 1-800-689-2322

Me Maxime Nasr
Belleau Lapointe, s.a.
306, Place d'Youville, Bureau B-10,
Montréal (Québec) H2Y 2B6
T: 514-987-6700
 
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