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Nvidia settle GPU price fixing class action case

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Posted September 27, 2008 by admin in News

The settlement agreement is detailed in an 8-K form that was filed on 24 September. The agreement calls for Nvidia to pay $850,000 into a total fund of $1.7 million, with AMD/ATI presumably paying in another $850,000 to make up the other half, although we?re waiting for AMD to confirm this. However, the 8-K form says that the agreement is still ?subject to court approval.? If the agreement is approved, then Nvidia says that it ?would dispose of all claims and appeals raised by the certified class in the Action against Nvidia.?

The 8-K form also details a settlement agreement with the individual plaintiffs who brought the case to court, saying that Nvidia will ?pay $112,500 in exchange for a dismissal of all claims and appeals related to the Action raised by the individual indirect purchaser plaintiffs.? This settlement, says Nvidia, ?is not subject to the approval of the District Court.? According to the form, this agreement has already been accepted, and the plaintiffs have now ?dismissed their claims and withdrawn their appeal of the class certification ruling.?

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