Nvidia Escapes Suit Over Secret Lease Deal

Law360, New York (June 22, 2010, 6:48 PM EDT) -- Nvidia Corp. has won its bid to dismiss a suit accusing it of entering into a secret agreement during the acquisition of rival 3dfx Interactive Inc. in order to mislead a real estate investment trust about 3dfx's ability to continue to honor its pre-existing lease agreement.

Judge James Ware of the U.S. District Court for the Northern District of California granted Nvidia's motion for summary judgment on Friday, rejecting CarrAmerica Realty Corp.'s claims against the graphic chips manufacturers.

“In the face of substantial evidence that 3dfx...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.