After years of denying allegations, Nvidia has finally agreed to a preliminary settlement of a lawsuit regarding the marketing of their GeForce GTX 970 graphics card. As part of it, the American technology company will give the purchasers refunds for each card.
Since 2015, the company has already received several cases, 15 to be exact, regarding their graphics card. Now that all of those were filed into one class-action lawsuit in the U.S. District Court for the Northern District of California, reports say that Nvidia has already accepted a preliminary settlement that includes a $30 reimbursement per unit.
Aside from Nvidia, Asus, EVGA and Gigabyte are also facing the lawsuit filed by those who have purchased the item. According to Polygon, all complaints centered around three allegations:
- The GTX 970 was marketed as a card with 4GB of video memory, but in fact, the card only has a 3.5GB of RAM, with the remaining 0.5GB as ?spillover segment? that is separated from the main RAM.
- The GTX 970 was marketed as a card with 64 render output processors, but in fact, the card only has 56 render output processors.
- The GTX 970 was marketed as a card with an L2 cache capacity of 2,048KB, but in fact, the card only has a 1,792KB L2 cache.
Speaking of the Nvidia GeForce GTX 970 refund, both parties came up with the figure of $30 through focusing on the main false advertising issue filed by several purchasers, which is that they were cheated of 0.5GB out of a total of 4GB of RAM. Originally, all members of the settlement class should receive 12.5 percent of compensation from the original price of the unit, which is at $350. However, that would only happen if the case had gone to trial and the complainants had won.
For now, the $30 reimbursement is described by the purchasers as an ?excellent recovery.? Speaking of the ?settlement class,? it includes any U.S. resident or entity that purchased a GTX 970 in the United States from the defendants, their partners, or their authorized retailers prior to August 24, 2016, which is the date when the court will hear the petition to approve the settlement.
As part of the settlement, Nvidia also agreed to pay as much as $1.3 million in attorneys? fees and expenses as well as to pay incentive awards of up to $25,000 in total to the 23 named plaintiffs of the case, who are all purchasers of the graphics card.
As of the moment, Nvidia and its co-defendants are not admitting any liability or wrongdoing, luckily for those who have purchased the product, the defendants agreed to have a $30 refund for their GeForce GTX 970 false advertising. Stay tuned here on The Bitbag for updates on this case. Share your thoughts in the comment section below.