SOURCE: Shalov Stone Bonner & Rocco LLP

September 09, 2008 22:37 ET

Shalov Stone Bonner & Rocco LLP Files Securities Fraud Class Action Against NVIDIA Corp.

NEW YORK, NY--(Marketwire - September 9, 2008) - The law firm of Shalov Stone Bonner & Rocco LLP has filed a securities fraud class action on behalf of all investors who purchased or otherwise acquired the common stock of NVIDIA Corp. (NASDAQ: NVDA) ("NVIDIA" or the "Company"), between November 8, 2007, and July 2, 2008, inclusive (the "Class Period"). The lawsuit is pending in the United States District Court for the Northern District of California and names as defendants NVIDIA and the Company's CEO and CFO during the Class Period.

According to the complaint, the defendants violated the Securities Exchange Act of 1934. Specifically, the complaint alleges that, during the Class Period, the defendants issued a series of misrepresentations and omissions that actively concealed and failed to disclose the unusually high failure rates of NVIDIA's mobile video adapters and the impact of these defects on the Company's financial condition and results and future business prospects. When the defendants belatedly revealed this information on July 2, 2008, NVIDIA's stock plummeted, and the Company's market capitalization was promptly reduced by over $3 billion.

Plaintiffs are represented by Shalov Stone Bonner & Rocco LLP, which has extensive experience in the prosecution of class actions on behalf of investors. For more information about the lawsuit, please visit www.nvdaclassaction.com.

If you wish to serve as lead plaintiff, you must move the Court no later than 60 days from today.

Shalov Stone Bonner & Rocco LLP, in cooperation with its California counsel, is the only firm to file a class action to protect the interests of NVIDIA investors and is actively investigating the facts surrounding the litigation. Investors are warned that while other law firms may issue press releases about the class action these firms have not necessarily filed cases of their own or performed an independent investigation. Some law firms issue such press releases solely in an effort to solicit clients.

To learn more, please contact Ralph M. Stone or Thomas G. Ciarlone, Jr., at Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; e-mail: rstone@lawssb.com, tciarlone@lawssb.com).

Contact Information