Stockholders File Lawsuit Against NVIDIA Corporation |
 |
According to a law firm press release, a class action complaint was filed against NVIDIA and its to top officers for violations the Securities Exchange Act of 1934. Specifically, the complaint alleges that, during the Class Period, the defendants issued a series of misrepresentations and omissions that actively concealed and failed to disclose the unusually high failure rates of NVIDIA's mobile video adapters and the impact of these defects on the Company's financial condition and results and future business prospects. When the defendants belatedly revealed this information on July 2, 2008, NVIDIA's stock plummeted, and the Company's market capitalization was promptly reduced by over $3 billion.
If you bought NVIDIA Corporation securities and would like to obtain information about the NVIDIA Corporation lawsuit, then you are invited to call Kahn Gauthier Swick, LLC toll free at (866) 467-1400 to speak with an attorney or visit www.kgscounsel.com.
At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and
settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and
other lawsuits because we are dedicated to helping you resolve your legal complaints.
Other Stocks Cases of Interest
According to a press release dated November 07, 2008, the complaint alleges that the representations contained in Daktronics’ press releases, SEC filings, conference calls and presentations during the Class Period were materially false and misleading when made because they failed to disclose: (i) that the Company was experiencing softness in its digital billboard and sports markets and was not performing according to internal expectations; (ii) that several of the Company’s large orders were being delayed; (iii) that the Company was unable to control its operating expenses; and (iv) that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its prospects and revenue growth rate.
A class action has been filed against Marsh and McLennan Companies, Inc. (NYSE: MMC) and certain of its officers and directors by stockholders who purchased the company’s common stock between October 15, 1999 and October 14, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company’s securities. The stockholder seeks to recover compensatory damages for the loss of value of their stock. Several class actions have been filed against Central Freight Lines, Inc. (Nasdaq: CENF) and certain of its officers and directors by stockholders who purchased the company's common stock pursuant to its December 12, 2003, initial public offering. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market, thereby artificially inflating the price of the company's securities. A class action has been filed against Applica Incorporated (APN), certain of its officers and directors by stockholders who purchased the company's common stock between November 4, 2004 and April 28, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. A class action has been filed against Cell Therapeutics, Inc. (NasdaqNM:CTIC), certain of its officers and directors by stockholders who purchased the company's common stock between June 07, 2004 and March 04, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. A class action has been filed in the Southern District Court of New York against Royal Group Technologies, Ltd, (NYSE: RYG) a global manufacturer of polymer-based home improvement, consumer and construction products, and certain of its officers and directors by stockholders who purchased the company's common stock between February 11, 2004 and October 13, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.
|