NVIDIA Offers Settlement In Price Fixing Lawsuit

Sharp eyed [H] reader Dave A. noticed that NVIDA had filed a Form 8k with the Securities and Exchange Commission outlining a proposed settlement in that ongoing price fixing lawsuit. Obviously this is just a proposed settlement and it is still subject to court approval. Hit the link for more details.

The Agreement calls for NVIDIA to pay $850,000 into a $1.7 million fund to be made available for payments to the certified class. We are not obligated under the Agreement to pay plaintiffs’ attorneys’ fees, costs, or make any other payments in connection with the settlement other than our payment of $850,000. The Agreement is subject to court approval and, if approved, would dispose of all claims and appeals raised by the certified class in the Action against NVIDIA.

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