SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17243 / November 19, 2001
SECURITIES AND EXCHANGE COMMISSION v. ROBERT J. PREVETT, ET AL.,
United States District Court for the Northern District of California,
Civil Action No. C-01-21069-PVT
SECURITIES AND EXCHANGE COMMISSION v. DAVID CHANG, ET AL., United
States District Court for the Northern District of California, Civil
Action No. C-01-21071-PVT
SECURITIES AND EXCHANGE COMMISSION v. GEOFFREY CHANG, ET AL., United
States District Court for the Northern District of California, Civil
Action No. C-01-21070-RS
SECURITIES AND EXCHANGE COMMISSION v. ATUL BHAGAT, ET AL., United
States District Court for the Northern District of California, Civil
Action No. C-01-21073-RS
SECURITIES AND EXCHANGE COMMISSION v. KEN C. CHOW, ET AL., United
States District Court for the Northern District of California, Civil
Action No. C-01-21067-PVT
SECURITIES AND EXCHANGE COMMISSION v. MARK APTON, ET AL., United
States District Court for the Northern District of California, Civil
Action No. C-01-21068-PVT
SECURITIES AND EXCHANGE COMMISSION v. EVAN K. LAU, United States
District Court for the Northern District of California, Civil Action
No. C-01-21072-PVT
The Securities and Exchange Commission today announced the filing of
seven civil complaints against 15 persons for insider trading in the
securities of nVIDIA Corporation, a Santa Clara, California maker of
computer graphics processors. The actions allege that the defendants
(including 11 nVIDIA employees and four tippees) traded after
learning, in March 2000, that nVIDIA had just won a lucrative contract
to provide graphics components for Microsoft Corporation's new video
game console, the X-Box. Collectively, the defendants earned more than
$1.7 million in illegal profits. Simultaneous with the filing of the
complaints, the Commission also announced settlements with two of the
defendants.
According to today's filings, on Sunday, March 5, 2000, nVIDIA and
Microsoft entered into an agreement providing for nVIDIA to design and
manufacture computer graphics components for Microsoft's X-Box. That
evening, nVIDIA's president and chief executive officer sent an email
SNIPPETS:
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION v. ROBERT J. PREVETT, ET AL., United States District Court
SECURITIES AND EXCHANGE COMMISSION v. DAVID CHANG, ET AL., United States District Court for
SECURITIES AND EXCHANGE COMMISSION v. GEOFFREY CHANG, ET AL., United States District Court
SECURITIES AND EXCHANGE COMMISSION v. ATUL BHAGAT, ET AL., United States District Court for
The Securities and Exchange Commission today announced the filing of seven civil complaints
The actions allege that the defendants (including 11 nVIDIA employees and four tippees)
According to today's filings, on Sunday, March 5, 2000, nVIDIA and Microsoft entered into an
In addition, three of the employee defendants tipped a total of four friends and relatives,
After Microsoft announced the X-Box agreement to the public on the morning of March 10, 2000,
Today's actions allege insider trading against the following defendants * Robert Prevett is
On March 6, 2000, Prevett bought 10,000 shares of nVIDIA stock, for profits of $595,000.
That night, Wendy Goody also tipped her father, Clifford Goody, a plumbing contractor who
* Ken Chow is an nVIDIA engineer residing in Fremont,
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