Securities Omission Earns NVIDIA Class Action Lawsuit

There's more storms ahead for NVIDIA, which has sustained capitol losses surmounting the wildest dreams of close rival AMD/ATI. Apparently, it's not alright to hide critically important business happenings from people who own the company. Who would have known? It seems that a woman named Lisa Miller thought that maybe something seemed fuzzy, so she had a team of attorneys draw a clearer picture.

According to a complaint filed in New York on 09 September 2008, NVIDIA, Jen-Hsun Huang (improperly spelled as Hunag), and Marvin Burkett (defendants) violated the Securities Exchange Act of 1934. Specifically, the complaint alleges that, during the Class Period, the defendants issued a series of misrepresentations and omissions that actively concealed and failed to disclose the unusually high failure rates of NVIDIA's mobile video adapters and the impact of these defects on the Company's financial condition and results and future business prospects. When the defendants belatedly revealed this information on July 2, 2008, NVIDIA's stock plummeted, and the Company's market capitalization was promptly reduced by over $3 billion.

NVIDIA investors who would like to speak with the attorneys who actually investigated and filed the NVIDIA securities class action should visit https://www.nvdaclassaction.com for important information about their rights.

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