Nvidia / ATI Price Fixing Case Gets $1.7M Settlement

In light of the class action lawsuit that accused hardware makers Nvidia and ATI of fixing prices to keep video card prices artificially high, Nvidia proposed a $1.7M settlement.

The settlement, which is pending court approval and would resolve all claims against Nvidia, would see that $1.7 million sum split amongst those that bought hardware directly from ATI or Nvidia websites between December 4, 2002 and November 7, 2007.

Of the $1.7 million, Nvidia has offered to pay $850,000 of the figure. It is assumed that ATI would pay the remaining sum, thought the company has yet to confirm this. After that payment, Nvidia will not need to provide any other compensation, such as legal fees.

Nvidia also announced that it has settled a related price fixing case filed by individuals who bought Nvidia hardware from non-direct vendors. Under the agreement, those individuals will receive a total of $112,500 in exchange for dropping all charges.

However, that $112,500 will only go out to those who filed suit on their own, as the court denied a request classify the indirect purchase case as a class-action lawsuit, which would have encompassed anyone who purchased hardware from a non-direct vendor during the allotted time frame.