Nvidia Forms Committee To Review Backdating Cases

Law360, New York (August 22, 2007, 12:00 AM EDT) -- Graphics chip maker Nvidia Corp.’s board of directors has formed a special litigation committee to consider how the company should proceed in the flurry of derivative suits that has plagued the company in recent months.

In a quarterly report filed with the U.S. Securities and Exchange Commission Tuesday, Nvidia revealed that its board had authorized the formation of the committee earlier this month. The company is facing 10 derivative suits filed on behalf of Nvidia by shareholders in state and federal courts accusing Nvidia’s executives of...
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