AMD Inks $29.5M Investor Deal Over Bungled Chip Launch

Law360, New York (August 25, 2017, 10:09 PM EDT) -- Advanced Micro Devices Inc. will pay $29.5 million through its insurance companies to a class of investors who alleged that the chipmaker hid information about a new device’s demand, according to a joint notice of settlement filed in California federal court Friday.

The class of AMD investors includes anyone who acquired shares between April 4, 2011, and Oct. 18, 2012, before the company had to take a $100 million write-down on inventory of its Llano chip. The stockholders say they relied on AMD's claims that demand for the chip was strong, when in reality the company was experiencing severe supply problems...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!