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Class Action

: ClassLawBlog.com

NVIDIA Securities Investigation

By ssharif

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The law firm of Finkelstein Thompson LLP is investigating claims that purchasers of NVIDIA Corporation (Nasdaq: NVDA) common stock lost more than $3 billion during the period between November 8, 2007 ? July 2, 2008 because the company allegedly concealed defects in its graphics chips in violation of federal securities laws. NVIDIA and its officers allegedly issued a series of materially false statements that concealed and failed to disclose that failure rates of NVIDIA?s products were well above reported amounts or historical norms, and were adversely impacting the Company?s near-term and foreseeable financial and operational results. On July 2, 2008, NVIDIA officers reportedly disclosed that its product failure rates were over 10 times levels expected by analysts and investors, despite knowing this information as early as November 2007. Following this disclosure, NVIDIA?s stock plummeted ? allegedly losing over $3 billion in market capitalization ? causing material damage to investors.

Finkelstein Thompson LLP welcomes inquiries from NVIDIA shareholders concerning their rights and interests in connection with this matter. Interested shareholders can reach Finkelstein Thompson LLP?s Washington, D.C. office at (877) 337-1050 or by email at contact@finkelsteinthompson.com.

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Full post as published by ClassLawBlog.com on September 17, 2008 (boomark / email).