Feeds

Nvidia settles price-fixing lawsuit

Out-of-court deal cut with plaintiffs

SANS - Survey on application security programs

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).

Combat fraud and increase customer satisfaction

More from The Register

next story
WTF happened to Pac-Man?
In his thirties and still afraid of ghosts
Reg man builds smart home rig, gains SUPREME CONTROL of DOMAIN – Pics
LightwaveRF and Arduino: Bright ideas for dim DIYers
Leaked pics show EMBIGGENED iPhone 6 screen
Fat-fingered fanbois rejoice over Chinternet snaps
Apple patent LOCKS drivers out of their OWN PHONES
I'm sorry Dave, I'm afraid I can't let you text that
Microsoft signs Motorola to Android patent pact – no, not THAT Motorola
The part that Google never got will play ball with Redmond
Happy 25th birthday, Game Boy!
Monochrome handset ushered in modern mobile gaming era
Slip your finger in this ring and unlock your backdoor, phone, etc
Take a look at this new NFC jewellery – why, what were you thinking of?
Rounded corners? Pah! Amazon's '3D phone has eye-tracking tech'
Now THAT'S what we call a proper new feature
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.