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Double trouble for SRAM makers: class action suit on the way


Things weren't looking so great already for those skeezy SRAM price-fixers, but now it looks like they'll have a class action lawsuit to worry about on top of all that DOJ heat they're currently facing. A certain Kenneth Bagwell of Michigan started up the class action suit, claiming the defendants conspired to "fix, maintain or stabilize prices and to allocate markets for the sale of SRAM." And Kenneth isn't screwing around. He's managed to name just about every SRAM manufacturer under the sun as in cahoots: Alliance, Cypress, Etron, GSI, Hitachi, Hynix, Integrated Silicon Solution, Micron, Crucial, Mitsubishi, NEC, Renesas, Samsung, Sony, Toshiba, Winbond, Fujitsu, IBM, Seiko Epson, Epson, Sharp and ST Microelectronics are all named as defendants of his own personal cash-in on this debacle. Mr. Bagwell already brought his suit to a Michigan district court, so now we just watch and wait for it all to hit the fan -- as if it hadn't already.

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