Monday, September 17, 2007
A class action suit has been filed against SanDisk Corp. and 23 other companies over alleged price fixing for NAND flash memory devices in the market.
The class action suit reportedly involves the following defendants: Lexar, Hitachi America, Hitachi Ltd., Hitachi Electronic Devices USA, Hynix Semiconductor America, Hynix Semiconductor, Micron Technology, Micron Semiconductor Products, Mitsubishi, Mitsubishi Electric & Electronics USA, Mosel Vitelic Corp., Mosel Vitelic Inc., Renesas Technology, Renesas Technology America, SanDisk, Samsung Semiconductor, Samsung Electronics Co. Ltd., STMicroelectronics N.V., STMicroelectronics Inc., Toshiba, Toshiba America Inc., Toshiba America Electronic Components, Winbond Electronics Corp. and Winbond Electronics Corporation America.
The suit was disclosed in an 8-K document filed by SanDisk on Friday (Sept. 14). According to the filing, SanDisk and 23 other companies on Aug. 31 were sued in the U.S. District Court of the Northern District of California "in a purported consumer class action captioned Stuart Go et al. v. Lexar Media, Inc. et al."
The suit alleges that vendors were involved in "a conspiracy to fix, raise, maintain or stabilize the pricing of flash memory, and concealment thereof, in violation of state and federal laws," according to the filing.
The lawsuit seeks restitution, injunction and damages, including treble damages, in an unspecified amount.
The group is requesting that SanDisk preserve any records relevant to such investigation. SanDisk said it intends to cooperate in these investigations.
By: DocMemory
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