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Guru3D.com » News » AMD also gets sued for Spectre

AMD also gets sued for Spectre

by Hilbert Hagedoorn on: 01/18/2018 10:58 AM | source: | 64 comment(s)
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. 







« Intel SSD 760p Performance and Volume Sizes Surface · AMD also gets sued for Spectre · Review: GALAX/KFA2 GeForce GTX 1070 Ti Hall of Fame Edition »

13 pages 1 2 3 4 > »


fantaskarsef
Senior Member



Posts: 13078
Joined: 2014-07-21

#5511884 Posted on: 01/18/2018 11:07 AM
Not surprised.

KissSh0t
Senior Member



Posts: 11191
Joined: 2011-10-22

#5511889 Posted on: 01/18/2018 11:22 AM
Who doesn't like free money?

sverek
Senior Member



Posts: 6073
Joined: 2011-01-02

#5511890 Posted on: 01/18/2018 11:26 AM
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?

fantaskarsef
Senior Member



Posts: 13078
Joined: 2014-07-21

#5511891 Posted on: 01/18/2018 11:28 AM
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.

warlord
Senior Member



Posts: 2761
Joined: 2012-10-22

#5511893 Posted on: 01/18/2018 11:31 AM
Well, that's fair. AMD lied. Cheap moves against Intel got back at them like a boomerang. Karma is a bitch huh?

13 pages 1 2 3 4 > »


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