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NVIDIA Corporation Summary: On February 5, 2009, a Stipulation And [Proposed] Order Regarding Deadline For Filing Consolidated Complaint was submitted to the court.
On February 3, 2009, a Notice Of Substitution Of Attorney And Notice Of Appearance was filed with the court.
On December 23, 2008, an Order Appointing Lead Plaintiffs, Co-Lead Counsel was entered by the court.
On October 30, 2008, an order was entered by the court consolidating the actions with C08-4260 be the lead case.
According to a law firm press release, a class action complaint was filed against NVIDIA and its to top officers for violations 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.
INDUSTRY CLASSIFICATION:
SIC Code: 3674
Sector: Technology
Industry: Semiconductors
| COMPANY/ISSUER NAME: | NVIDIA Corporation |
| COMPANY/ISSUER TICKER: | NVDA |
| COMPANY WEBSITE: | http://www.nvidia.com |
| FIRST IDENTIFIED COMPLAINT IN THE DATABASE | |||||||||||||||||
| Miller, et al. v. NVIDIA Corporation, et al. | |||||||||||||||||
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| OTHER DOCUMENTS | |||
| Class Action Complaint For Violations Of The Federal Securities Laws | |||
| Case Name and/or Number: Patrick D. Jermyn, et al. vs. Nvidia Corporation, et al. | |||
| Type: Complaint | Date on the document: 9/16/2008 | ||
| Class Action Complaint For Violations Of The Federal Securities Laws | |||
| Case Name and/or Number: Alexander Politz, et al. v. NVIDIA Corporation, et al. | |||
| Type: Complaint | Date on the document: 09/23/2008 | ||
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