SAN DIEGO, Calif., March 26, 2002 (PRIMEZONE) -- The Law Firm of Robbins Umeda & Fink, LLP announces that a class action lawsuit was filed in the United States District Court for the Northern District of California on behalf of purchasers of the securities of NVIDIA Corp. ("NVIDIA" or the "Company") (Nasdaq:NVDA) between Feb. 15, 2000 and Feb. 14, 2002, inclusive (the "Class Period"). If you are a member of this class, you can join this class action by contacting the Firm.
The complaint charges NVIDIA and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that NVIDIA violated Generally Accepted Accounting Principles and SEC rules by engaging in an illegal accounting scheme that dramatically overstated revenues and assets. The defendants misrepresented NVIDIA's true prospects in order to conceal NVIDIA's wrongful acts until the defendants were able to sell at least $66 million worth of their own NVIDIA stock. On Feb. 14, 2002, the Company partially admitted that its past accounting for its prior results may be inaccurate. This news caused the company's shares to plummet the following day. A copy of the complaint filed in this action is available from the Court or can be e-mailed or mailed to you by the Firm.
If you bought the securities of NVIDIA between Feb. 15, 2000 and Feb. 14, 2002, you may, no later than April 21, 2002, request that the Court appoint you as a lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Robbins Umeda & Fink, LLP, or other counsel of your choice, to serve as your counsel in this action.
Robbins Umeda & Fink, LLP has significant experience prosecuting class actions on behalf of investors. If you wish to discuss this action, please call or e-mail the Firm at:
ROBBINS UMEDA & FINK, LLP
Marc M. Umeda, Esq.
1010 Second Ave., Suite 2360
San Diego, CA 92101
Toll Free: 1-800-350-6003
E-mail: info@ruflaw.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca