Feeds

Nvidia settles price-fixing lawsuit

Out-of-court deal cut with plaintiffs

The Power of One Infographic

Nvidia has settled a class action lawsuit that alleges it conspired with AMD to fix graphics chip prices.

The proposed settlement, outlined in the company's latest filing with the US Securities and Exchange Commission (SEC), offers initial plaintiffs $112,500 and a further $1.7m to all the others who subsequently signed up when the lawsuit attained class-action status.

Nvidia's financial statement indicates it would pay $850,000 into that $1.7m fund - it's not so stated, but it's clear that it hopes the remainder will come from AMD. This package requires the approval of the court. If it's so approved, it would entail the dismissal of all claims on Nvidia by class-action plaintiffs. It does not cover their legal costs.

The out-of-court deal was accepted on 9 September by the plaintiffs who launched the lawsuit before it attained class-action status. Again, the agreement involves the dismissal of all claims made against Nvidia.

But not AMD - unless it too has cut such a deal, the action against it will proceed.

The lawsuit was brought against Nvidia and AMD in July. It alleged the two companies "conspired to fix, raise, maintain and stabilize prices of GPUs sold in the United States". It also said that they "colluded to coordinate the timing of new product introductions that were based on similar, competing technologies which also had the effect of fixing, raising, maintaining, and stabilizing GPU prices".

The case sought compensation for anyone who purchased an Nvidia or AMD graphics card between 4 December 2002 - before AMD acquired ATI - and 7 November 2007.

You can read the original complaint here (PDF).

Top three mobile application threats

More from The Register

next story
Child diagnosed as allergic to iPad
Apple's fondleslab is the tablet dermatitis sufferers won't want to take
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Seventh-gen SPARC silicon will accelerate Oracle databases
Uncle Larry's mutually-optimised stack to become clearer in August
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.