Sunday April 05, 2015

Judge Greenlights Class-Action Suit Accusing AMD of Securities Fraud

AMD will be facing a class-action suit accusing the chip manufacturer of misleading investors by withholding information on manufacturing problems. A US Federal judge has cleared the way for the lawsuit to proceed by denying AMD’s motion to dismiss. Thanks to forum member SnowBeast for the linkage.

The suit, first filed in January 2014 and amended in June of that year, accuses AMD of willfully misleading investors by withholding information about low manufacturing yields for its "Llano" line of processors.

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