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Class-Action Suits Filed Against Nvidia

Following Nvidia's announcement that it was reviewing certain accounting transactions going back to Q4 2000, three law firms filed a shareholder lawsuits against Nvidia, alleging its executives misstated financial results to raise the company's share pric
The suits were filed on Tuesday in federal court in San Francisco by three law firms: Milberg Weiss Bershad Hynes & Lerach, Cauley Geller Bowman & Coates and Schiffrin Barroway. All three firms also have class-action litigation pending against Take-Two Interactive. On February 14, Nvidia said it was reviewing, at the request of the Securities and Exchange Commission, certain transactions from the Q4 2000 and the first three quarters of fiscal 2001. The review was prompted by materials given to the SEC in connection with a separate insider trading case.

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