Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy
The complaint says Nvidia hid national security risks tied to Huang’s alleged relationship and seeks damages after shares fell 4.3%, according to the filing.
- On Monday, Nvidia and Chief Executive Jensen Huang were sued in a proposed class action accusing them of defrauding shareholders by concealing Huang's ties with a suspected Chinese spy.
- The litigation centers on Huang's alleged affair with Alice Huang, a former executive of Singapore-based Megaspeed. The New York Times reported last month that authorities concluded Alice Huang was a Chinese intelligence asset.
- Nvidia shares closed down 4.3% on Monday, reducing the company's market capitalization by approximately $190 billion. Such filings follow unexpected share price declines.
- Huang told employees he had been unfaithful to his wife, though he did not disclose specific details. The company announced a probe into the matter on Sunday.
- Shareholders led by Mark Kistenmacher filed the suit in federal court in San Jose, California, seeking unspecified damages. The document was filed five minutes after market close.
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82 Articles
The complaint states that Huang and his company Nvidia misled investors about the affair with a suspected Chinese spy. US President Trump sees it more relaxed.
SCIENCE & TECH: Nvidia, CEO Jensen Huang hid affair to suspected Chinese spy: shareholder lawsuit
Nvidia and Chief Executive Jensen Huang were sued on Monday in a proposed class action accusing them of defrauding shareholders by concealing Huang’s ties with a suspected Chinese spy. According to a complaint filed in federal court in San Jose, Calif., the defendants misled shareholders about Huang’s alleged affair with Alice Huang, a former executive of Singapore-based Megaspeed who is not related to him, and did not disclose that the matter r…
Nvidia closes this Monday, November 9, with a 4.3% drop in its shares after the Jensen Huang relationship with an alleged Chinese spy
NRC Handelsblad
The AI chip company and its CEO Jensen Huang have been sued in a class-action lawsuit. They are accused of misleading shareholders.
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