Google Nexus One and HTC Supersonic 4G smartphone heading to Sprint

Join Obsessable Sign In

Standards group working on super-fast WiFi Canon announces hybrid camera with 20x optical zoom

NVIDIA hit with pair of shareholder lawsuits over defective GPUs

Two class-action suits aim to hold the company accountable for investors' losses following the failure announcement.

Digg del.icio.us Facebook StumbleUpon Twitter

Computing | by Stephen Schenck | Wed Sep 17, 2008 8:23PM | 0 comments

 

NVIDIA is facing more hurdles in getting past the failures of some notebook GPUs, in the form of two new lawsuits. As the company announced in July, packaging and heat dissipation issues led to an above-baseline failure rate for the GPUs, prompting a payout to affected notebook manufacturers costing the company around $200 million. This loss has triggered two law firms to file class-action suits in the Northern District Court of California against NVIDIA, on behalf of shareholders. The suits allege that NVIDIA had knowledge of the failing GPUs as far back as November 2007, and failed to notify shareholders of the coming financial burden the company would be facing. The classes for the suits are just starting to allow affected investors to join.

[Via Daily Tech]

Get more information on topics relating to this story:


Related company news:
NVIDIA

Comments

Add a comment Inappropriate or promotional comments may be removed.

Add a comment

Click one of the three commenter types below. Member comments are added immediately once you confirm your email address. Anonymous comments are moderated by our editorial staff.

I want to comment as a new member an existing member anonymously

Email me

  

Comment Preview
Anonymous (12:04 AM on Sun Mar 21, 2010)

Preview your comment here.

Inappropriate or promotional comments may be removed. To create a clickable link, simply type the URL (including http://) and we will make a link for you. Line breaks and paragraphs are automatically converted — no need to use <p> or <br> tags, but if you're into that kind of thing, you can use any of the following tags: b, i, strong, em, a (href only), p and br.