Summary
This 8-K filing from Advanced Micro Devices, Inc. (AMD) on September 25, 2008, reports on two significant settlement agreements concerning antitrust litigation related to graphics processing units (GPUs). The primary settlement addresses claims from a certified class of direct purchaser plaintiffs. AMD's subsidiary, ATI Technologies ULC, will pay $850,000 into a fund for this class in exchange for the dismissal of all related claims. This settlement is contingent on court approval. A secondary settlement has been reached with remaining individual indirect purchaser plaintiffs. This agreement involves a payment of $112,500 from the ATI entities to resolve all claims and appeals from these plaintiffs. This latter settlement is not subject to court approval and has already resulted in the dismissal of claims and withdrawal of appeals by these plaintiffs. These settlements aim to resolve ongoing litigation surrounding the pricing and sale of graphics cards.
Key Highlights
- 1AMD, through its subsidiary ATI Technologies, has entered into a settlement agreement to resolve antitrust litigation claims from direct purchaser plaintiffs.
- 2The company will pay $850,000 to a fund for the certified class of direct purchasers, which includes purchasers who bought graphics cards directly from ATI or NVIDIA websites between December 2002 and November 2007.
- 3This $850,000 settlement is subject to court approval.
- 4AMD has also settled with remaining individual indirect purchaser plaintiffs for $112,500.
- 5The settlement with indirect purchasers is not subject to court approval and has resulted in the dismissal of their claims and appeals.
- 6These settlements are related to the consolidated action In re Graphics Processing Units Antitrust Litigation.
- 7The company is not obligated to pay attorneys' fees or other costs beyond these settlement amounts.