Settlement reached in NVIDIA Graphics Processing Units Class Action

LONDON, ON, July 18, 2013 /CNW/ - A settlement has been reached with NVIDIA Corporation ("NVIDIA") in a class action lawsuit brought on behalf of Canadians who purchased a computer for use and not for resale equipped with a defective NVIDIA graphics card known as either a Graphics Processing Unit or a Media Communications Chip ("GPUs"). The proposed settlement is subject to court approval.

Under the terms of the settlement, NVIDIA will pay CAD $1,900,000 for the benefit of those Canadians who purchased an "Affected Computer" that experienced a "Qualifying Symptom": (a) distorted or scrambled video on the computer screen; (b) no video on the screen even when the computer is on; (c) random characters, lines or garbled images on the computer screen; (d) intermittent video issues; or (e) failure to detect wireless adaptor or wireless networks. Not all computers contain the defective NVIDIA GPU. The exact dates of sale and qualifying symptoms vary by computer manufacturer.

Qualifying class members will receive cash compensation based on the severity of the Qualifying Symptoms experienced, the loss of use of the computer, the age of the Affected Computer, any out-of-pocket repair expenses, any loss of use, and other relevant factors. Information about how to submit a claim will be provided once the settlement has been approved.

Class members who fall within the definition of the class and who want to participate as a class member in the NVIDIA Graphics Processing Units Class Action, need not do anything to continue to be included as a class member. They will be entitled to participate in the Settlement and will be legally bound by the result of the NVIDIA Graphics Processing Units Class Action.

Class members who do not want to be part of the NVIDIA Graphics Processing Units Class Action must exclude themselves by September 16, 2013.

A hearing to approve the settlement agreement will take place in London, Ontario on September 20, 2013 at 9:30 AM.

SOURCE: Harrison Pensa LLP

Further information concerning the settlement can be found at www.canadiannvidiasettlement.com or by calling Anita Thakkar at 1-800-263-0489 ext. 567.