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    Nvidia Shareholders Sue

    Discussion in 'Dell' started by 7oby, Sep 10, 2008.

  1. 7oby

    7oby Notebook Evangelist

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    Shalov Stone Bonner & Rocco LLP has filed a securities fraud class action (only relevant for stock owners - not for Dell computer owners!):
    http://lawssb.com/news_story.php?news=20080909
    Link includes certification form for joining the class act.

    http://www.theinquirer.net/gb/inquirer/news/2008/09/10/nvidia-caught-bollocks

    (I'm not a Inquirer reader. I was just looking for an english source to the german news here:
    http://www.heise.de/newsticker/Nvidia-Aktionaere-klagen-wegen-gehaeufter-Grafikchip-Ausfaelle--/meldung/115735)
     
    7oby, Sep 10, 2008
    #1
  2. X2P

    X2P COOLING | NBR Super Mod

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    Finally, good to hear about the lawsuit!
     
    X2P, Sep 10, 2008
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  3. billy_b0b

    billy_b0b Notebook Consultant

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    I dumped NVDA at a little over $23, bought around $17. I'm very happy I did. A few months later it tanked. I would be getting in on the class action probably myself. I had a good amount of money invested in NVDA.
     
    billy_b0b, Sep 10, 2008
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  4. mgh_a1

    mgh_a1 Notebook Evangelist

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    http://www.tomshardware.com/news/Nvidia-lawsuit-chip,6345.html

    And a class action lawsuit in Sunny California:

    http://news.cnet.com/8301-1001_3-10037632-92.html

    Probably old news for some of you. However, I wanted to keep the information flowing as it becomes available. While our concerns have been more related to warranty issues, I think that it also important to look at what is shaking at the source of our miseries. STILL wondering what is in store for us from our beloved laptop manufacturers. With Nvidia anticipating massive warranty repairs, can something better than a 1 year warranty extension be in the works?

    Would a class action lawsuit protect us?
     
    mgh_a1, Sep 11, 2008
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  5. Polarix

    Polarix Notebook Evangelist

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    Can I participate and get some money? :D
     
    Polarix, Sep 11, 2008
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  6. billy_b0b

    billy_b0b Notebook Consultant

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    No, it's for shareholders who lost 30+ % when their stock dropped.

    Lucky me I sold all my NVDA shares before it tanked. I bought high and sold high though so the profit was small.
     
    billy_b0b, Sep 11, 2008
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  7. mgh_a1

    mgh_a1 Notebook Evangelist

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    So it sounds like consumers are not in line for vindication. It will be . . . the shareholders! Yay.
     
    mgh_a1, Sep 11, 2008
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  8. billy_b0b

    billy_b0b Notebook Consultant

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    The shareholders own part of the company - they are entitled to at least an explanation on the the performance of their investment - especially if something fishy was up. They have a vested interest in the company itself.

    I'm a customer who used to own NVDA stock, now I'm just a customer. A guy I work with is an owner and customer.

    There's nothing special about this - it happens all the time.
     
    billy_b0b, Sep 11, 2008
    #8
  9. X2P

    X2P COOLING | NBR Super Mod

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    I have merged mgh_a1's thread with this thread as this thread was a) created first b) we do not need two threads about it in the same forum.

    Cheers
     
    X2P, Sep 11, 2008
    #9
  10. atbnet

    atbnet Notebook Prophet

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    Yay class action lawsuits, I bet there is a group of happy lawyers drooling over this.
     
    atbnet, Sep 11, 2008
    #10
  11. MystiklMayhem

    MystiklMayhem Notebook Consultant

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    DAMIT, i should have put a short-sell order on nvidia haha.
     
    MystiklMayhem, Sep 11, 2008
    #11