Judge Shuts Down Investor Suit Over Nvidia Chips

Law360, Wilmington (October 13, 2011, 3:20 PM EDT) -- A California federal judge on Wednesday tossed for good a proposed class action alleging Nvidia Corp. misled investors about defects in its chips, finding the plaintiffs’ amended claims failed to show the company acted with intent to mislead regarding the problem.

U.S. District Judge Richard Seeborg initially dismissed the suit in February, ruling the plaintiffs failed to adequately plead that Nvidia knew during the class period, and failed to disclose, that the chips were causing laptop computers in which they were installed to fail. The judge...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

In re Nvidia Corporation Securities Litigation


Case Number

3:08-cv-04260

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Richard Seeborg

Date Filed

September 9, 2008

Law Firms

Companies

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.