Class action blizzard snows AMD
Print storyMore cases precipitate
Posted in Business, 26th March 1999 11:53 GMT
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Last week we saw several class action cases placed against AMD and its CEO Jerry Sanders III. And this week, the blizzard is continuing. The latest actions have been placed by lawyers Marc S Henzel, John Thompson (on behalf of herself?) and another plaintiff called Schwarz. The actions centre around AMD allegedly not disclosing a serious design flaw in the K6 chip line which forced a re-tooling of the manufacturing line. It claims the defendants made "false and misleading statements and omissions" which caused AMD's share price to be artifically inflated. ®
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