Class Action Lawsuit Filed Against Nvidia Corp. by Kantrowitz, Goldhamer & Graifman, P.C.

CHESTNUT RIDGE, NY -- (MARKET WIRE) -- Sep 16, 2008 -- Notice is hereby given that a class action complaint was filed today in the U.S. District Court for the Northern District of California by the law firm of Kantrowitz, Goldhamer & Graifman, P.C. and its co-counsel, on behalf of plaintiffs and a proposed class of purchasers of securities of Nvidia Corp. (NASDAQ: NVDA) ("Nvidia" or "Company") during the period November 8, 2007 through July 2, 2008, inclusive (the "Class Period").

The Complaint alleges that Nvidia and certain officers and directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by making false and misleading statements and omissions concerning the undisclosed fact that Nvidia's graphic cards, which have been distributed by the Company, were defective and that the defect would have a material negative impact on the Company's financial condition, financial statements and future business prospects. Moreover, by failing to make the required adjustments to the Company's reported financial results, Defendants underestimated Nvidia's expenses and overstated the Company's revenue and income. Thus, the Company's financial statements, including its Form 10-K filings, for the period from November 8, 2007 to July 2, 2008 were materially false and misleading.

Plaintiff seeks to recover damages on his own behalf and on behalf of the Class and is represented by the law firm of Kantrowitz, Goldhamer & Graifman, P.C. and its co-counsel, Stull Stull & Brody. The firms have significant experience successfully prosecuting complex securities fraud class actions on behalf of defrauded investors.

If you engaged in transactions of Nvidia securities during the Class Period, you may, not later than sixty (60) days from September 9, 2008 move the court to serve as lead plaintiff, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to this matter, please contact: Gary S. Graifman, Esq., at Kantrowitz, Goldhamer & Graifman, toll-free at 800-660-7843 or via email at Email Contact or by writing to Kantrowitz, Goldhamer & Graifman, P.C., 747 Chestnut Ridge Road, Chestnut Ridge, NY 10977.

CONTACT:
Gary S. Graifman, Esq.
Kantrowitz, Goldhamer & Graifman, P.C.
1-800-660-7843 or 845-356-2570





Review Article Be the first to review this article

SolidCAM - See it Live

Featured Video
Jobs
Associate Packaging Engineer for Unilever at Englewood Cliffs, New Jersey
GIS ANALYST for Cobb County Government at Marietta, California
GIS Analyst for Institute for Children and Poverty at New York, California
Vice President, GIS Business Unit for RAMTeCH Software Solutions, Inc. at Stillwater, Minnesota
Senior Account Manager, Utilities for RAMTeCH Software Solutions, Inc. at Stillwater, Minnesota
Upcoming Events
COMSOL Conference 2018 Lausanne at SwissTech Convention Center Quartier Nord EPFL, Route Louis-Favre 2, 1024 Ecublens Switzerland - Oct 22 - 24, 2018
6th OpenFOAM Conference 2018 at Radisson Blu Hotel, Hamburg Airport Flughafenstraße 1-3 Hamburg Germany - Oct 23 - 25, 2018
ASSESS 2018 CONGRESS at Chateau Elan Winery & Resort 100 Rue Charlemagne, Braselton GA - Oct 28 - 30, 2018
MEMS & Sensors Executive Congress—MSEC 2018 at Silverado Resort and Spa 1600 Atlas Peak Road Napa CA - Oct 28 - 30, 2018
Kenesto: 30 day trial



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise