Canadians can claim refund for overpriced electronics purchased between 1999 and 2002

[Cornelious11]

 

Canadian consumers who bought electronics between April 1,1999 and June 30, 2002 are eligible to get at least $20 back following several class action lawsuits against the manufacturers of dynamic random access memory (DRAM).

Following an $80 million settlement with firms including Samsung, Hynix and Micron, the four law firms involved in the class action have started an “unprecedented” awareness campaign to hand out refunds.

The memory is used in most computers, printers, personal digital assistants, graphics cards, mp3 players, video game consoles and more.The suits successfully argued that the manufacturers conspired to fix the price of the memory, thereby inflating prices on many consumer electronics.

All Canadians who were at least 18 and bought electronics during the time period covered by the suit are able to fill out a simple online form at themoneyismine.ca to claim $20 from the manufacturers.

No receipt is needed for the base amount, but those who can prove multiple purchases can claim more money.

The message has been spread by social media as well as a website and media campaign.

Jonathan Foreman, a lawyer with Harrison Pensa, one of the four firms involved in the claim, said that the case set important precedents in Canadian law. He said it was among the first price-fixing class actions to be certified at the Supreme Court level, and opens the door for future price-fixing lawsuits against other electronics manufacturers.

The case has been ongoing since 2004 and largely settled in 2013. Since then, the funds have been held in trust until a distribution system could be worked out.

Foreman said that the companies that stand to gain the most from the settlement are the so-called “white box” manufacturers who build computers from component parts, and may have purchased a large number of DRAM chips during the time period.

Canadians have until June 23, 2015, to complete a claim.

With files from Pierre Saint-Arnaud

© The Canadian Press, 2015

 Article

[thekeemo]

what about overpriced electronics now?

[SkywardKkalox]

what about overpriced electronics now?

I think we will get our refund in about 12 years..

Kappa.

[JAKEBAB]

R u kidding me?! Canada is complaining?! ffs-_-

[Wauthar]

Better keep your receipts to remember what you've bought, people!

[Trik'Stari]

oh boy....$20 bucks

 

Pretty sure "refund" means full price, not full price, minus 80% of every refund to the lawyers.

[TheMidnightNarwhal]

Better keep your receipts to remember what you've bought, people!

 

If you only claim 1 you don't need a receipt but if you want more than one you need receipts.

[givingtnt]

That news is old af. Beel like 2-3 months since its been announced

[Cornelious11]

That news is old af. Beel like 2-3 months since its been announced

My mistake, I just saw this and thought it would be good to share. If requested, I will take down the post.

[Wauthar]

If you only claim 1 you don't need a receipt but if you want more than one you need receipts.

I read that, yes, but how can you remember what you've bought in '99-2002?

 

I actually remember something similar happening some time ago (or is this the same thing?)

[TheMidnightNarwhal]

I read that, yes, but how can you remember what you've bought in '99-2002?

 

I actually remember something similar happening some time ago (or is this the same thing?)

 

I was only 3 and I filled a case and I should get a random 20$ back soon, lol.

 

And yeah, this is probably the same thing, a repost I think.