Nvidia, CEO Huang sued over disclosures related to suspected Chinese spy
The proposed class action says Nvidia hid national security risks tied to Huang’s alleged relationship with a Megaspeed executive, after shares fell 4.3% and wiped out $190 billion.
- 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.
238 Articles
238 Articles
Nvidia, Jensen Huang Have a New Headache
A shareholder has sued Nvidia and its CEO, Jensen Huang, accusing them of deceiving investors in their responses to media reports about Huang's affair with a purported Chinese spy. As the AP reports, the compaint comes after President Trump said the FBI is investigating the affair, which Huang has acknowledged...
Nvidia and Jensen Huang face shareholder lawsuit
A shareholder has sued Nvidia Corp and its CEO, Jensen Huang (黃仁勳), accusing them of deceiving investors in their responses to media reports about Huang’s affair with a purported Chinese spy that threatens national security. The complaint comes after US President Donald Trump said the FBI is investi
Nvidia is the world leader in the manufacture of chips used to train and operate AI models.
U.S. legal firm Rosen Law Firm said it filed a class action suit accusing Huang and artificial intelligence giant Nvidia of not disclosing this relationship to shareholders
Nvidia and CEO Jensen Huang face lawsuit over handling of ties to alleged Chinese spy
The lawsuit filed in San Jose, Calif., on Monday accuses the CEO and his company of misleading shareholders by concealing the relationship with a woman accused of feeding information to Bejing, and not disclosing that the matter raised national security concerns that threatened Nvidia's reputation and business prospects.
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