Intel Corp (INTC)

[wbmw]

The lawsuit filed last year accused Advanced Micro of artificially inflating the company's share price by making false statements about the so-called Llano, which it had touted as "the most impressive processor in history."

By the time Advanced Micro was ready to ramp up shipments in late 2011, demand had dwindled, leading to an inventory glut, the lawsuit said. Advanced Micro eventually disclosed in October 2012 that it was writing down $100 million of Llano inventory as not salable, the lawsuit said.

I remember this, and felt it was outrageous at the time. I'm not surprised that the legal system took so long to finally catch up to it.