NVIDIA Offers Settlements in Suits Over GPU Price Fixing

From DailyTech: NVIDIA has offered to settle some of the pending lawsuits against it out of court. The suits in question that NVIDIA is trying to settle stem from allegations of price fixing in the GPU market.

NVIDIA filed an 8-K form that outlines the settlement offer to close the litigation against it out of court. The agreement to settle claims from the class action suit that alleged NVIDIA and ATI conspired to fix pricing for their respective GPUs to inflate and stabilize GPU prices. Settlement of the claims will have NVIDIA paying $850,000 into a fund for the class with ATI/AMD providing a matching $850,000 contribution.

While NVIDIA filed the 8-K form outlining and making its intent to settle the claims public, no official statement has come from AMD on the proposed settlement. Courts still need to approve the class action suit before the case is over. The settlement with the class waiting for approval by the courts does not obligate NVIDIA to pay for the plaintiffs’ attorney fees, costs, or any other payments besides the $850,000.

NVIDIA also offered to settle a suit brought by plaintiffs for $112,500. Settlement with the plaintiffs needs no approval by the courts. In exchange for the $112,500 settlement, all claims and appeals related to the plaintiffs denied class action status would be dropped.

View: Article @ Source Site