There is a deadline coming up in the shareholder lawsuit against Hansen NVIDIA Corp.(NASDAQ:NVDA) over alleged violations of Federal Securities Laws. The deadline will expire on November 7th, 2008.

If you purchased or acquired shares of NVIDIA Corp. (NASDAQ: NVDA) between November 8th, 2007, and July 2nd, 2008 you have certain rights and there are strict and short deadlines running (November 7th, 2008). You should immediately contact the Shareholders Foundation, Inc.! Or if you are a current shareholder of NVIDIA Corp. (NASDAQ:NVDA) you should also contact the Shareholders Foundatio, Inc.

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or Call us TODAY!

Phone: +1-(858)-779-1554

On Tuesday, September 9th, 2008, a shareholder has filed a class action lawsuit on behalf of all investors who purchased or otherwise acquired the common stock of NVIDIA Corp. (NASDAQ: NVDA) between November 8th, 2007, and July 2nd, 2008 in in the United States District Court for the Northern District of California, San Jose against graphics card company Nvidia Corp. over alleged violation of federal securities laws by concealing the existence of a serious defect in its graphics chip line for at least eight months “in a series of false and misleading statements made to the investing public.” The lawsuit names as defendants NVIDIA Corp. and the Company’s CEO and CFO between November 8, 2007, and July 2, 2008. According to the complaint, the defendants violated the Securities Exchange Act of 1934. Specifically, the complaint alleges that, between November 8th, 2007, and July 2nd, 2008 the defendants issued a series of misrepresentations and omissions that actively concealed and failed to disclose the unusually high failure rates of NVIDIA Corp.’s mobile video adapters and the impact of these defects on the Company’s financial condition and results and future business prospects. The lawsuit alleges that NVIDIA CEO Jen-Hsun Huang and Chief Financial Officer Marvin Burkett knew as early as November 2007 about a flaw that exists in the packaging used with some of the company’s graphics chips that caused them to fail at unusually high rates.
When the defendants belatedly revealed this information on July 2nd, 2008 by announcing plans to take a one-time charge of up to $200 million to cover warranty costs related to the problem, NVIDIA Corp.’s stock plummeted by 31% to $12.98, and the its market capitalization was promptly reduced by over $3 billion, the lawsuit said. Last month, Nvidia Corp. confirmed the one-time charge announced in July, taking a charge of $196 million to cover warranty expenses related to the chip flaw.
NVDA Corp. stock declined $0.38 or 3.40% and closed Tuesday’s regular trading session at $10.81. The lawsuit seeks class-action status against NVIDIA and unspecified damages.

If you purchased or acquired shares of NVIDIA Corp. (NASDAQ: NVDA) between November 8th, 2007, and July 2nd, 2008 you have certain rights and there are strict and short deadlines running (November 7th, 2008). You should immediately contact the Shareholders Foundation, Inc.! Or if you are a current shareholder of NVIDIA Corp. (NASDAQ:NVDA) you should also contact the Shareholders Foundatio, Inc.


Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail /facsimile


Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423 -
92108  San Diego 
Tel:+1-(858)-779-1554  
Fax:+1-(858)-605-5739
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At Shareholders Foundation, Inc. we represent a large number of shares and shareholders. We are able to use our size to negotiate with significantly greater efficacy than the single investor with investigators, attorneys, and defendants. At Shareholders Foundation, Inc. we believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder by matching shareholder problems with the right legal experts, and finding equitable solutions. Shareholders Foundation, Inc. is comprised of a network of legal experts who both contribute to our vision for the Shareholders Foundation, Inc. and also represent the shareholders in real cases.