Nvidia settles two GPU price-fixing lawsuits
ATI to pay up also
FABLESS GRAPHICS company Nvidia has agreed to settle a class action lawsuit alleging that it colluded with competitor ATI to fix the prices of GPU chips they sold to punters over a span of nearly five years, it revealed in an SEC filing late last week.
Plaintiffs in the lawsuit claimed that Nvidia and ATI conspired together to fix prices for PC graphics cards purchased directly from both companies during the period from December 2002 through November 2007.
The SEC 8-K statement said Nvidia will pay $850,000 into a $1.7 million fund to compensate plaintiff class members and dispose of the lawsuit. ATI is expected to also pay out $850,000 to make up the rest of the settlement fund.
Nvidia's announcement said that it is not obligated to pay plaintiffs' attorneys' fees, costs or any other payments as part of the deal.
The company also revealed that it reached a settlement in a second, similar lawsuit brought by indirect buyers of graphics cards containing either company's GPU chips. That lawsuit had been denied class action certification this past July. Nvidia agreed to pay the plaintiffs $112,500 to dismiss the case and drop their appeal of that ruling. µ
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and ATI price-fixing lawsuit fizzles out
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Comments
Silly ATi
You'd think they would not follow nVidia's silly walk down the road of "we're going to get caught sooner or later".I mean when AMD finally bought them out you'd think they'd have stopped it or axed it and tried to beat nVidia's prices at a different stratagy.
I expected more though from the fine it's a major thing conning the consumer and whoever is involved.
@Silly
Poor Nvidia just can't get a break lately.I think Nov. was when AMD officially took over ATI. Therefore AMD Mgt. either didn't take part, or has had it's hands washed of the case by default. Stinks that they'll have to pay the tab though.
it was about time
it was about time they finally got this out of the system. Nobody wants a bankrupt nvidia as it would hurt me, but rip off is not a solution. The only thing they need to work on now is to get the old cards like 9250 or the 5900fx at a reasonable price in the stores. I see them for well over 80 dollars almost every where. I cant help but imagine that they're a land mine for consumers.AMD has always been fair and on the low end on pricing ever since the athlon came out. Its no surprise to me that ATI chip prices have been low and droping for really good chips. Tha'ts how AMD got to the major leagues.Who Started it?
I'm wondering if the one with larger market shares were used to intimidate the other into this?I like ATI's products but I would not excuse anybody in it being the initiator or caving in to bully tactics!
Nice guys do finish last, taking a closer look at your own companies logo colors should have made a STOP [sign] and think hard approach instead of being blinded by GREEN [Money] all the way.
HEadline
Why does the headline of this article make out that only that nVidia needs to pay up, and then in tiny font underneath says (oh BTW so does ATI)?Are all the Inq writers now falling under the same thrall of spittle-flecked nVidia-hating ATI fanboi-ism as that clueless moron charlie djemeran?
Silly us
Its called collusion everyone! Look it up!Heres a start:
http://en.wikipedia.org/wiki/Collusion