Hatamian v. Advanced Micro Devices, Inc.

Welcome to the informational website for the Settlement reached in Hatamian v. Advanced Micro Devices, Inc.

Court-appointed Class Representatives on behalf of themselves and the Settlement Class (defined below), reached a settlement of the Action for a total recovery of $29.5 million USD (the “Settlement”) that resolved all claims in the Action.

The Settlement was approved by Final Order and Judgement entered on March 6, 2018. The Plan of Allocation governing the settlement proceeds was approved by order entered on March 2, 2018. The request for attorneys’ fees and expenses was approved by order entered on March 2, 2018.

On January 15, 2014, the initial complaint Hatamian v. Advanced Micro Devices, Inc., No. 14-cv-226, was filed in the United States District Court for the Northern District of California.

On April 4, 2014, the Court issued an order appointing Arkansas Teacher Retirement System (ATRS) and KBC Asset Management NV lead plaintiffs and approving their selection of Labaton Sucharow LLP and Motley Rice LLC as colead counsel.

On March 16, 2016, the Court issued an Order granting Lead Plaintiffs’ motion to certify the class, appointing ATRS and KBC as Class Representatives, and appointing Labaton Sucharow LLP and Motley Rice LLC as Class Counsel.

Lead Plaintiffs filed the operative Corrected Amended Class Action Complaint on June 11, 2014 (the “CAC”), alleging violations of Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934. Among other things, the CAC alleges that Defendants made materially false and misleading statements and omissions concerning the launch of AMD’s Llano microprocessor, an Accelerated Processing Unit (“APU”) product that combined a Computer Processing Unit (“CPU”) with a Graphics Processing Unit (“GPU”) into one piece of silicon. More detailed information on the case background can be found under the FAQs or in the Settlement Notice.