Nvidia Settles GeForce GTX 970 Class Action Suit, Will Pay $30 per Card
Back in February 2015, Nvidia’s GeForce GTX 970 was the subject of a major controversy concerning the size of video access memory and its setup. The graphics card was advertised as having a full 4 GB of video access memory, however enthusiasts discovered that the card only had 3.5 GB of high-performance GDDR5 and a further .5 GB of performance-limited GDDR5, meaning it was separated from the rest of the memory.
Nvidia denied all allegations of wrongdoing and claimed that the two-tiered memory subsystem actually made no difference. But users of the GeForce GTX 970 were not satisfied and filed multiple class-action lawsuits against the company alleging engagement in false advertising and deceptive business practice.
Earlier this week, Nvidia agreed to a preliminary settlement that will resolve above allegations. The settlement includes a total of 15 consumer class-action lawsuits that were consolidated in Northern California as well is a pending action in San Diego, according to court documents.
The overall settlement terms were not publicly disclosed, however agreed to pay $30 to each buyer of the GTX 970, plus will cover an additional $1.3 million in legal fees.
“The settlement is fair and reasonable and falls within the range of possible approval,” attorneys for the proposed Class said in the filing. “It is the product of extended arms-length negotiations between experienced attorneys familiar with the legal and factual issues of this case and all settlement class members are treated fairly under the terms of the settlement.”
Since this is a preliminary settlement and the court is yet to approve the terms so users won’t be able to file their claims yet. Also, it’s not clear at the stage whether users of the GeForce GTX 970 outside of the US will be able claim their $30. We’ll update with more information when it comes in.