The law firm of Schiffrin & Barroway has filed a class action lawsuit against Nvidia in the United States District Court for the Northern District of California “on behalf of all purchasers of the common stock of Nvidia Corporation” from Feb. 15, 2000, through Feb. 14, 2002.
The complaint charges the company and some of its officers and directors with issuing false and misleading statements concerning its business and financial condition. More specifically, the complaint alleges that as part of their effort to boost the price of company stock, defendants misrepresented Nvidia’s true prospects in an effort to conceal the company’s “improper acts” until they were able to sell at least US$66 million worth of their own stock.
NVIDIA designs, develops and markets 3D graphics processors and related software. They provide graphics cards for several models of Macintosh systems. For more information on Schiffrin & Barroway’s petition, go to the
lawsuit Web site.