WATCH ABOVE: Nicole Bogart explains which DRAM customers are eligible for a refund.
TORONTO – Good news for Canadian consumers – if you purchased an electronic device between 1999 and 2002 and overpaid, you are now eligible for a refund thanks to several class action lawsuits against the manufacturers of dynamic random access memory (DRAM).
The suits successfully argued that manufacturers – including Samsung, Hynix and Micron – conspired to fix the price of the memory, thereby inflating prices on many consumer electronics.
READ MORE: Canadians can claim refund for overpriced electronics after class action suit
The memory is used in most computers, printers, personal digital assistants, graphics cards, mp3 players, video game consoles and more.
Following the $80-million settlement, the four law firms involved in the class action have started an “unprecedented” awareness campaign to hand out refunds.
Who is eligible?
Consumers and businesses who and bought electronics between April 1, 1999 and June 30, 2002.
You must have been 18-years-old at the time you purchased the device.
What products qualify?
Many electronics devices include DRAM. Some include:
- Desktop and laptop computers
- Printers
- DVD players
- Personals digital assistants
- Graphics cards
- Personal video recorders (PVR’s)
- Digital video recorder
- Video game consoles
- MP3 players
- Memory modules
- Computer-based point of sale systems
How do I submit a claim?
If you want to submit a claim for something you bought, simply fill out the form online form at themoneyismine.ca. The site also has a consumer calculator to help those who bought multiple devices figure out how much they are owed.
Family members living in the same household must pool together their purchases and submit a single claim.
The last date to submit a claim is June 23, 2015.
Do I need a receipt?
If you are claiming the minimum $20, you will only need to submit your name, contact information and you will need to submit a statement that says you brought DRAM or an electronic device containing DRAM between the allotted dates.
However, the website notes that “very large claims” may need documentation.
How much money will I get?
Most consumers will be eligible to a minimum of $20 from the manufactures; however, those who can prove they bought more than one device can try to claim more money.
According to the website, cheques will be mailed out in late 2015.
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