Nvidia Settles Price Fixing Case for $1.7 Million
Nvidia Settles Price Fixing Case for $1.7 Million
Posted 09/29/2008 at 7:55am
| by Paul Lilly
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Less than two months ago, a class action lawsuit was filed in a Califorina court against AMD/ATI and Nvidia alleging that the two had "conspired to fix, raise, maintain, and stabilize prices of graphics processing chips and cards." Giving the allegation widespread media attention, news and review site TomsHardware managed to obtain a handful of legal documents for the filing, including a few interesting email exchanges among ATI's and Nvidia's top brass.
According to reports, Nvidia has now offered a settlement agreement to the tune of $1.7 million. As outlined, the agreement would have Nvidia and AMD/ATI splitting the total fund, with each company paying $850,000. Not yet a done deal, there aren't any reports of AMD/ATI confirming the settlement agreement, and as detailed in the 8-K form that was filed on September 24, the agreement would still be "subject to court approval."
If it does go through, the money will go to the certified class who brought about the suit, which can include anyone who purchased a graphics card direct from Nvidia or ATI in the U.S. between December 4, 2002 and November 7, 2007.
Do you find this resolution fair?
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skhills
September 29, 2008 at 2:47pm
I believe this is the only group with claim to any of the money.
samduhman
September 29, 2008 at 12:12pm
So that would explain why prices for decent gaming worthy videocards started and remained high all these years. If so it did nothing but hurt the pc gaming platform. That may also explain why ATI all of a sudden released the HD4800 series at such great prices.....they knew they been busted.
guoruiwu1994
September 29, 2008 at 11:36am
if i bought a nvidia card between that time, how can i get part of my money back?
Vegan
September 29, 2008 at 4:39pm
You mean, "How do I claim my $2?" because that'll all the individuals ever really get back in class action suits.
Paul_Lilly
September 29, 2008 at 11:58am
I imagine that information will become available once the settlement is approved by the court.
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