AMD also gets sued for Spectre
Not just Intel, chip manufacturer AMD now also has been sued for the Spectre security leak. It is a so-called 'class action' lawsuit filed on behalf of the company's investors.
In the indictment, both AMD, the financial director and director of the company, are accused of having artificially increased the share price of the company by not previously announcing that AMD processors are vulnerable to the Specter leak. AMD was informed at the beginning of June last year, sources claim.
Spectre came to light earlier this month with the Meltdown vulnerability and, in contrast to this vulnerability, affects virtually all modern computers, smartphones, and tablets. Investors of the company have, according to the charges, "made significant losses" as a result of the price drop after the publication of the leak.
A spokesperson for AMD told The Register that the company found the accusations unfounded, reports nu.nl. Four lawsuits have already been filed against competitor Intel because of Spectre and Meltdown.
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Who doesn't like free money?
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Unfortunately, AMD did release mobile CPUs after leak been confirmed.
https://en.wikipedia.org/wiki/Template:AMD-Ryzen-Mobile
So yeah, that one might be annoying.
Do lawers just toss money in their pocket, or they clients (AMD clients) to share with?
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Well, at least how it reads, it's in the name of shareholders. I guess it's about how much they get when selling their stocks now. Not sure how that works in detail when it comes to compensation. The only thing I'm sure of is that the lawyers get their money, no matter what.
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Well, that's fair. AMD lied. Cheap moves against Intel got back at them like a boomerang. Karma is a bitch huh?
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Not surprised.