Nvidia Falls Prey To Shareholder Action Over Options

Law360, New York (November 16, 2006, 12:00 AM EST) -- Already under scrutiny from federal regulators, Nvidia Corp. has been hit with a shareholder derivative complaint stemming from the ongoing probe into the video card maker’s stock options-granting practices.

On Thursday, law firm Keller Rohrback LLP revealed that it had filed suit in the U.S. District Court for the Northern District of California, drawing on the U.S. Securities & Exchange Commission’s investigation into Nvidia and its executives.

“Specifically, we are looking at whether potential defendants have breached their fiduciary duties and colluded with one another,” the...
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