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Written by Daniel
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Tuesday, 29 May 2007 12:37 |
NVIDIA Facing 51 Pending Lawsuits
Tuan Nguyen (Blog) - May 28, 2007 11:45 AM
Daily Tech
NVIDIA under fire for anti-competitive and price fixing business practices
Analysts expect a stormy summer as NVIDIA faces not one, but fifty-one pending lawsuits. The 51 civil complaints filed against NVIDIA claim that the company participated in anti-competitive business agreements and price fixing strategies. Some of these civil suits allege that NVIDIA entered into these agreements with graphics rival AMD.
In March 2007, 42 civil suits were filed against NVIDIA for anti-competitive business practices; 14 of those suits alleged that the company colluded with AMD to fix prices. According to NVIDIA, most of the suits were filed in the Northern District of California. NVIDIA states that while there appear to be many civil suits, all of the suits are putative class-actions, indicating that they are from direct or indirect purchasers of NVIDIA graphics products.
Price fixing occurs when a company enters an agreement with its competitor to set a minimum selling price for a particular product or family of products. In this case, many of the suits allege that AMD (then ATI) and NVIDIA artificially inflated the value of high-end and enthusiast components....More Comment in the forums |
