COLCHESTER, Conn., April 2 /PRNewswire/ -- SCOTT + SCOTT, LLC (
http://www.scott-scott.com; e-mail:
[email protected]), a Connecticut-based law firm with offices outside of Philadelphia commenced a class action lawsuit in the United States District Court for the Northern District of California on behalf of purchasers of NVIDIA Corp. (``NVIDIA'' or the ``Company'') (Nasdaq: NVDA - news) between Feb. 15, 2000 and Feb. 14, 2002, inclusive (the ``Class Period''). The complaint is listed as Civil Action Number C-02-1425-PJH.
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 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 obtained by contacting Scott + Scott, LLC.
If you bought the securities of NVIDIA between Feb. 15, 2000 and Feb. 14, 2002 and you wish to serve as lead plaintiff, you are required to move to do so with the Court no later than April 20, 2002. If you would like to discuss this action or have any questions concerning this notice or your rights or interests, please contact Scott + Scott lawyers, Neil Rothstein (
[email protected]), David R. Scott (
[email protected]) or James E. Miller (
[email protected]) by e-mail or by phone at 800/404-7770. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
Scott + Scott, LLC is a Connecticut based law firm engaged in the representation of funds, foundations, endowments, institutions, pension funds, individuals and other entities throughout the world in securities, antitrust and other complex class and non-class action litigation. The firm is committed to client satisfaction and communication. The firm's attorneys litigate in both state and federal courts throughout the nation. The firm has been appointed ``lead counsel'' on cases nationwide.