News
 

Bookmark and Share

(0) 

ATI, graphics product group of Advanced Micro Devices, and Nvidia Corp. this week confirmed that they had received formal notifications from the U.S. Department of Justice claiming that DOJ investigation into potential antitrust violations related to graphics processing units and cards has been closed.

Earlier this year ATI/AMD and Nvidia announced that they agree to pay nearly $2 million in order to settle antitrust legal dispute that concerns price-fixing of graphics cards.

The agreement calls for the ATI and Nvidia to pay $1.7 million ($850 thousand per company) into a fund to be made available for payments to the certified class in exchange for a dismissal of all claims related to the legal action. Under the terms of settlement, plaintiffs who acquired graphics cards graphics cards directly from the websites of ATI or Nvidia in the United States during the period from December 4, 2002 to November 7, 2007, will receive compensations.

ATI and Nvidia have also reached a settlement agreement with the remaining individual indirect purchaser plaintiffs in the action. On September 9, 2008, the companies reached a settlement agreement with the remaining individual indirect purchaser plaintiffs that provides for ATI and Nvidia to pay $225 thousand ($112.5 thousand per company) in exchange for a dismissal of all claims and appeals related to the action raised by the individual indirect purchaser plaintiffs.

ATI and Nvidia were accused of antitrust laws violation and price fixing on graphics processing units in late 2006.

Tags: ATI, AMD, Nvidia, Geforce, Radeon

Discussion

Comments currently: 0

Add your Comment




Related news

Latest News

Monday, July 21, 2014

12:56 pm | Microsoft to Fire 18,000 Employees to Boost Efficiency. Microsoft to Perform Massive Job Cut Ever Following Acquisition of Nokia

Tuesday, July 15, 2014

6:11 am | Apple Teams Up with IBM to Make iPhone and iPad Ultimate Tools for Businesses and Enterprises. IBM to Sell Business-Optimized iPhone and iPad Devices

Monday, July 14, 2014

6:01 am | IBM to Invest $3 Billion In Research of Next-Gen Chips, Process Technologies. IBM to Fund Development of 7nm and Below Process Technologies, Help to Create Post-Silicon Future

5:58 am | Intel Postpones Launch of High-End “Broadwell-K” Processors to July – September, 2015. High-End Core i “Broadwell” Processors Scheduled to Arrive in Q3 2015

5:50 am | Intel Delays Introduction of Core M “Broadwell” Processors Further. Low-Power Broadwell Chips Due in Late 2014