| ||Thread Tools|
|15th September 2008, 20:57||#1|
Join Date: May 2002
NVIDIA Fights Two Class Action Suits over GPU Failures
Two proposed class action lawsuits are pending against the graphics giant over the $200 million charge and the defective GPUs. On September 9, law firm Shalov Stone Bonner & Rocco LLP filed a securities fraud class action on behalf of all investors who purchased or acquired stock in NVIDIA between November 8, 2007 and July 2, 2008.
The core allegation in the suit is that NVIDIA knew as far back as November 2007 that the GPUs were defective and mislead investors by not divulging the issue with the GPUs and the damage the problem could cause the NVIDIA's profitability. The suit was filed in U.S. District Court, Northern District of California on behalf of all NVIDIA stock holders and naming Lisa Miller as the chief plaintiff.
A second class action lawsuit was filed against NVIDIA in the Northern District of California on behalf of NVIDIA shareholders who bought or acquired shares of NVIDIA stock during the period of November 8, 2007 to July 2, 2008. The Suit was filed by the Brualdi Law Firm. The Brualdi suit has yet to define a class and is looking for a lead plaintiff for its case. According to the firm, the lead plaintiff will be the applicant for the suit who had the most significant loss in NVIDIA stock.
|Thread||Thread Starter||Forum||Replies||Last Post|
|NVIDIA GF100 GPU Fermi Graphics Architecture||jmke||WebNews||0||18th January 2010 08:34|
|Driverheaven Nvidia Mobility Modder Released V188.8.131.52||jmke||WebNews||0||6th August 2009 14:12|
|Nvidia: GPU Failures Not Affecting Our Orders||jmke||WebNews||0||9th June 2009 18:08|
|Nvidia working on dual GPU card for December||jmke||WebNews||0||1st November 2008 13:18|
|NVIDIA GT216 first 40nm GPU from NVIDIA?||jmke||WebNews||1||20th October 2008 23:59|
|Futuremark: NVIDIA GPU PhysX not allowed||jmke||WebNews||0||21st July 2008 10:42|
|Nvidia narrows ATIís lead in desktop GPU market share||jmke||WebNews||0||1st November 2005 17:33|
|NVIDIA Unleashes World's Fastest Mobile GPU||Sidney||WebNews||0||25th February 2005 01:45|
|NVIDIA Is the Only GPU Manufacturer||Sidney||WebNews||0||24th August 2004 06:44|