Last Week's Hot News: Oct. Week 1
Nvidia settles price fixing suit
This week Nvidia announced that it will settle the price fixing lawsuit that Tom’s Hardware reported on several weeks ago. It was alleged that the company, along with AMD/ATI, conspired secretly to control prices of everything from entry level graphics products all the way up to professional level cards.
The problem here is that it was done transparently to the end user, making it nearly impossible to notice. The worst part? This practice was done over a span of several years. The lawsuit attempted to recoup monetary damages from both Nvidia and AMD/ATI, but there’s yet no word on how much of the $1.7 million settlement will end up back in the hands of consumers.
Our take on it is, if it’s over a span of four or more years, $1.7 million seems minuscule compared to how much was unethically taken from end users.
Check out the settlement case here.
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