SRAM CLASS ACTION
1.Â Static random access memory ('SRAM') is a component of various electronic and computer products, such as desktop computers, laptops, notebooks, cellular telephones and other handheld devices and game consoles.
2.Â Sutts, Strosberg LLPÂ (now Strosberg Sasso Sutts LLP) is co-counsel in a class action commenced in respect of SRAM in London, Ontario on May 2, 2007. The lawsuit allegedÂ that the defendant manufacturers conspired to fix the price at which SRAM was sold in Canada and worldwide from at least January 1, 1998 to December 31, 2005. Â Parallel actions were commenced against the defendants in British Columbia and Quebec.
3.Â THE ACTIONS HAVE BEEN SETTLED AND THE SETTLEMENTS HAVE BEEN APPROVED BY THE COURTS. THE CLAIMS PROCESS APPROVED BY THE COURT HAS RUN AND THE CLAIMS DEADLINE OF JUNE 29, 2016 HAS NOW PASSED. Â THE SETTLEMENT FUNDS HAVE BEEN DISTRIBUTED TO APPROVED CLAIMANTS IN ACCORDANCE WITH THE ORDERS OF THE COURTS.
5.Â If you would like to know more about how a class action works, please click here.
This website has been developed to provide general information to Class Members on a class action concerning SRAM.
The Ontario Superior Court, the Supreme Court of British Columbia and the Superior Court of Quebec have approved the nationwide Canadian SRAM Settlement.
The Settlement Claims Program deadline was June 29, 2016. The Claims Program is now closed.
The Courts approved distribution of the settlement funds to approved claimants in August 2017 and the Claims Administrator has distributed the settlement funds in accordance with the Courtsâ€™ directions.
For more information, visit www.sramsettlement.ca.