Arkansas and 32 other states will share in a $173 million settlement with six international manufacturers who were accused of price fixing related to the sale of Dynamic Random Access Memory (DRAM) computer chips.
Arkansas Attorney General Dustin McDaniel said Thursday the manufacturers were accused of conspiring to raise the prices of the computer chip, which is commonly found in desktop computers, laptops, servers, printers, and networking equipment.
In July 2006, the multistate group sued in federal court, alleging that consumers and state agencies overpaid for products containing DRAM chips.
The DRAM manufacturers named in the lawsuit included Micron Technology, Inc. and NEC Electronics America Inc.
The companies agreed to a settlement that resolves the attorneys general lawsuit, as well as class-action lawsuits by private plaintiffs.