MacBook OS X 10.7.5 constantly needs reboot after sleep mode. Generates error report.

Macbook constantly requires reboot after accessing from manually entering sleep mode or just closing lid. Get the following error:

panic(cpu 0 caller 0x18469f8): AppleIntelGMAX3100FB GPU parser error. EIR 0x1 ESR 0x1 ISR 0x8000 - unknown type

Anyone know of a cause/fix for this error?