IN RE NVIDIA CORP. SECURITIES LITIGATION

No. 11-17708.

768 F.3d 1046 (2014)

In re NVIDIA CORPORATION SECURITIES LITIGATION, Roberto Cohen; New Jersey Carpenters Pension and Annuity Funds, on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. NVIDIA Corp.; Jen-Hsun Hunag; Marvin D. Burkett, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed October 2, 2014.


Attorney(s) appearing for the Case

David Brower (argued), Brower Piven , New York, NY, for Plaintiffs-Appellants.

James Kramer (argued) and Michael Torpey , Orrick, Herrington & Sutcliffe, LLP, San Francisco, CA, for Defendants-Appellees.

Before: RICHARD C. TALLMAN and SANDRA S. IKUTA, Circuit Judges, and BEVERLY REID O'CONNELL, District Judge.


OPINION

O'CONNELL, District Judge:

This case involves allegations of securities fraud. Defendant NVIDIA Corporation is a publicly traded semiconductor company. In the spring of 2008, it disclosed to investors information about defects in two of its products. A little over one month later, it further disclosed that it would be taking a $150-$200 million charge to cover costs arising from those product defects...

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