Nvidia offers to settle in antitrust class-action suit


— 4:30 PM on September 26, 2008

Back in December 2006, disgruntled customers served both AMD and Nvidia with a class-action lawsuit. The charge? Allegedly, the two companies had conspired to keep graphics card prices artificially inflated, releasing similar cards at similar price points. Almost two years later, the case seems to be reaching a conclusion.

Custom PC reports that Nvidia has offered a settlement agreement whereby it offers to contribute $850,000 to a pool of $1.7 million that will go to "class members." In this case, class members include "anyone who bought a graphics card directly from Nvidia or ATI’s website in the US between 4 December 2002 and 7 November 2007." AMD may well contribute the remaining $850,000, although Custom PC says the firm has yet to confirm this.

You'll find all the dirt in this 8-K form, which mentions that the agreement is still subject to court approval (or at least, it was when the form was filed on September 24). The document also says Nvidia has settled with "remaining individual indirect purchaser plaintiffs" for $112,500. Those plaintiffs have apparently agreed to dismiss "all claims and appeals" in exchange for the sum.

 
   
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