NVIDIA Class Action Shot Down
Class Action News
The U.S. District Court for the Northern District of California has dismissed a class action suit against NVIDIA that accused the company of trying to hide its knowledge of defects in a line of graphics chips, in order to keep the stock price up.
In a strongly-worded opinion, Judge Richard Seeborg said the plaintiffs did not establish that there was any evidence that the company knew that its chips were defective. Further, the opinion notes that some of the evidence presented by witnesses was from people who did not work at the company and were not in a position to know if the chips were defective or not.
Judge Seeborg gave the plaintiffs 30 days to file an amended complaint, or have it dismissed and the plaintiffs barred from re-filing another suit.
The original lawsuit was filed in 2008, by Lisa Miller, and the class action suit eventually included two union pension funds and the retirement fund of the city of Pontiac, Mich. The suit covered those who bought NVIDIA's stock between Nov.2, 2007 and July 2, 2008.
Related listings
-
Hospital lawyers fire back in class action lawsuit
Class Action News 10/18/2010Taking a final shot before meeting in court, lawyers for Greenwich Hospital are rejecting a claim that the hospital violated fair trade policies in their handling of a drug-addicted surgeon.Earlier this year, the hospital asked a judge to strike the ...
-
5 in Lockhart mortgage case have pleaded guilty
Class Action News 09/23/2010Five of the 11 defendants in an alleged $20.5 million mortgage fraud scheme purportedly involving former Dallas Cowboys linebacker Eugene Lockhart have pleaded guilty.The U.S. Attorney's Office in Dallas said Wednesday that four of the defendants hav...
-
ANZ says to vigorously defend class action suit
Class Action News 09/22/2010Australia and New Zealand Banking Group said on Wednesday it will vigorously defend a class action suit by customers for recovery of bank fees.Earlier class-action law firm Maurice Blackburn said it would file a $48 million class action suit against ...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.
Business News
404
Not Found
The resource requested could not be found on this server!