A law firm has filed suit against Advanced Micro Devices after researchers found security flaws affecting products by AMD and other computer chipmakers.
The complaint, which seeks class action status, was filed by the Rosen Law Firm and in U.S. District Court in Northern California. AMD is based in California, but most of its operations are in Austin.
The lawsuit alleges that AMD misled shareholders by not disclosing the security flaws, which were discovered by researchers from Google’s Project Zero team during the first week of January.
AMD “made false and/or misleading statements and/or failed to disclose that: (i) a fundamental security flaw in AMD’s processor chips renders them susceptible to hacking,” the Rosen Law Firm’s filing says. “As a result, AMD’s public statements were materially false and misleading at all relevant times.”
The suit claims AMD made misleading statements through security filings and other public statements from Feb. 21, 2017 to Jan. 11 of this year.
A second filing, this one by the Pomerantz law firm, is also seeking additional plaintiffs to join an action against AMD.
Researchers revealed the security flaws months after discovering them. The flaws, which are named Spectre and Meltdown, have affected most modern computers carrying chips from Intel, AMD and ARM. The flaws make it possible for hackers to steal sensitive information on computers such as passwords.
After initially stating that the flaws posed a “near zero risk to AMD products,” AMD on Jan. 11 issued an update that said some variants of the Spectre flaw were applicable to its chips, and that the company was working on updates and patches to its processors.
“We believe these allegations are without merit,” AMD said in a written statement responding to the lawsuits. “We intend to vigorously defend against these baseless claims.”
Other tech companies such as Microsoft and Apple have been issuing patches to help protect users from the flaws, though some patches have reportedly slowed down computers.
In the complaint, the law firm says it is seeking to “recover compensable damages caused by defendant’s violations,” and they seek a trial by jury.
Intel also faces multiple lawsuits over the security flaws.
Editor’s note: This story has been amended to clarify that the Pomerantz law firm’s court filing was a solicitation for additional plaintiffs, and not a lawsuit.
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