DRAM claims settlement checks mailed!
The DRAM class action lawsuit and subsequent settlement has finally borne fruit for claimants. Checks were mailed earlier this week and recipients can look for them in their snail-mail-box any time now. Here is a scan of the check I received:
DRAM Claims Check
History of the DRAM lawsuit
As you may recall, this lawsuit was the result of (alleged) price fixing by DRAM companies. This was a pretty big deal as the settlement ended up being $310 million.
A wide variety of products (computers, printers, video games, networking equipment, etc.*) utilize DRAM and any individual claimants settlement payment was directly related to how much was spent on DRAM products during the relevant time period (1998-2002). Claims generally ranged from a $10 minimum up to $1,000 or more for large purchasers.
*All devices containing DRAM are included in the Settlements. From January 1, 1998 to December 31, 2002, DRAM was included in many different types of digital devices, including computers (laptops and desktops), servers, graphics cards, video game consoles, MP3 players, printers, PDA’s, DVD players, Digital Video Recorders, Point of Sale Systems and others. If you have any question about whether or not you bought a product containing DRAM, call 1-800-589-1425. Source: DRAM $310 Million Settlement FAQ
I submitted my purchases made in that time period and I had begun to wonder if the settlement would ever pay claimants. Thankfully everything has finally come to a closure 🙂 If you also submitted a claim, make sure to check your mail!
DRAM Claims Administrator payment letter, July 5th 2016
- dram class action checks (3)
- dram settlement checks (2)
- dramclaims (2)
- dramclaims.com (2)
- www.dramclaims.com (2)
- www.dramclaims.com contact (1)
- december 2019 class action settlement check being mailed (1)
- class action settlement claims check mailed (1)
- class action settlement checks mailed 2019 (1)
- claim a rebate check (1)
Seems weird, the check says there is an artificial watermark on the back of the check….but there isn’t. The bank code shows “Corporation Bank, Ghaziabad, Ghaziabad in Karnataka” Could this check be a scam to get access to someones bank account? My letter looks just like yours ^^^.
Hey Pat, I totally understand the concern. The check I received looked the same way and I had the same initial reaction. The settlement was legitimate though, administered through a court-supervised process, and the check cleared fine. That said, if you’re uncomfortable, you can call the DRAM Claims administrator at 1-800-589-1425 (listed in the FAQ) to verify your check number before depositing. Better safe than sorry, especially with banking access involved.
I received a check
Identical to yours and the bank said it was not a valid check. There were no watermarks.
I just got my check. Would you happen to know if I’ll be able to encash the check if I am in the Philippines?
Hey Trey, that I’m honestly not sure about. The settlement was a US-based class action, and while there’s nothing stopping you from trying to deposit a US check internationally, your bank’s policies on foreign check clearing and any associated fees would be the main hurdle. I’d ask your bank directly before depositing since fees could eat into a small check amount pretty quickly.
congrats!!!
I received one (143 $)
can i cashout my check worldwide??
Hey, congrats on the $143! That’s a solid payout. As for cashing it worldwide, that’s really going to depend on your local bank and their policies for processing US checks. It should technically be possible but fees and clearing times vary a lot by country. I’d check with your bank before depositing to make sure any fees don’t wipe out the value of the check.
I just found an uncashed check for the dram settlement that was marked void after 90 days. Can I get the check replaced? How would I go about getting a repllacement?
Hey Anthony, you’d need to contact the DRAM Claims administrator directly about a replacement check. The FAQ site listed a phone number (1-800-589-1425) and the claim website at dramclaims.com. That said, depending on how far past the 90-day window you are and whether the settlement fund is still active, they may or may not be able to issue a replacement. Worth a call to find out.
I HAVEN’T RECEIVED MY CHECK YET, MY NEIGHBOR GOT 3!!! I HOPE IT COMES SOON, WE MIGHT HAVE CHRISTMAS DINNER, AFTER ALL!!!
I deposited my check for less than $20 on March 13, 2017. Tonight, I get a notice on my checking that the check is being RETURNED to me– not reason — and that I have incurred an additional $12.00 charge. Is this another scam? I mean for $16.77, I am losing another $12.00???? What are my recourses to at least have no losses???
Hey Myles, that’s really frustrating, especially for such a small amount. The most likely culprit is the issuing bank (Corporation Bank, Ghaziabad) being flagged by US banking systems since it’s an Indian bank, which can trigger an automatic return. Your best recourse is to contact the DRAM Claims administrator at 1-800-589-1425 and explain what happened. Request a re-issued check, and ask your bank to waive the return fee given the circumstances. It’s worth pushing back since you shouldn’t be out money on a legitimate settlement payment.
I lost my check and just recently found it, Can I get a replacement??
Hey Mike, you’d want to contact the DRAM Claims administrator directly to ask about a replacement. Try 1-800-589-1425 or the claims website. Keep in mind that the settlement funds may have a finite window, so the sooner you reach out the better.