AMD Pays-Off A Lawsuit Fine Over A False Advertising Bulldozer Chips

• AMD Pays-Off A Lawsuit Fine Over A False Advertising Bulldozer Chips

• AMD Faces Lawsuit Over False Bulldozer Chips Advertising

AMD pays-off a lawsuit filed on them in 2015. over since the company releases the Chip Bulldozer that suppose to steal a march on rival (Intel), which unfortunately, it turned out to be a mess and a regret to the company. All AMD wanted was a smaller Core, with higher clocks to offset any penalties related to the shared design but turned out to be a disaster. Bulldozer couldn't hit it's target clocks, drew too much power and it's performance was a fraction of what it needed to be. Bulldozer as it called nearly squelched the company.

AMD has pays-off a class-action lawsuit for false advertising of its Bulldozer chips for a total of $12.5 million, of which lawyers could take up to 30%, or $3.63 million.
That could leave an $8.87 million pot for Bulldozer owners to split among themselves provided they file a claim. That led to a long running class action false advertisement lawsuit that was filed in 2015, but AMD payed-off the lawsuit yesterday for a paltry $12.1 million. The settlement works out to roughly $35 a chip, provided that the number of claimants meets the projections of the court. Unfortunately, the court only predicts that 1/5th of the customers that purchased a Bulldozer chip will come forward to claim their settlement.

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As with any settlement that is tied to a lump-sum payment from the defendant, that number could shrink if more people come forward to claim the cash payout. If you purchased any of the seven Bulldozer models from AMD's website or in California, you are entitled to your slice of the settlement pot. AMD seems to have gotten off lightly, as damages could have been much higher if the settlement had proceeded to court. From the filing:

The value of the proposed common fund represents a recovery of approximately 20% of the damages Plaintiffs would have sought to prove at trial on behalf of the certified class. And, based on their experience, Class Counsel estimate that claiming class members are likely to receive more than 50% of the value of their certified claims had they prevailed at trial. Given the risks and expenses that further litigation would pose in this case, such a result is well within the range of approval.

Looks like the Chip just achieved putting the company in a situation of losing millions of dollars into the thin air. And till date the Bulldozer is marked as one of the worst processor ever made.