The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency.

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Supreme Court seems likely to allow class action to proceed against tech company Nvidia

The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency

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U.S. Supreme Court seems likely to allow class action to proceed against Nvidia

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Associated Press WASHINGTON (AP) — The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. The justices heard arguments Wednesday in the tech company’s appeal of a lower-court ruling allowing a 2018 suit led by a Swedish investment management firm to continue. It’s one of two high court cases involving cla…

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WASHINGTON : The U.S. Supreme Court is set on Wednesday to hear arguments in Nvidia's bid to torpedo a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales depended on the volatile cryptocurrency market.The justices will hear arguments

Channel News Asia

Government of Singapore

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US Supreme Court to hear Nvidia bid to avoid securities fraud suit

The Supreme Court on Wednesday weighed a bid from chipmaker Nvidia as it attempts to avoid a suit alleging its executives misled investors about the extent its sales depended on volatile cryptocurrency miners.



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Supreme Court weighs Nvidia challenge to securities fraud claims

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The U.S. Supreme Court has signaled its inclination to uphold a class-action lawsuit against Nvidia Corp (NASDAQ:NVDA) for allegedly providing misleading information to investors about its reliance on cryptocurrency mining. What Happened: The Supreme Court heard arguments on Wednesday regarding Nvidia’s appeal to dismiss a lawsuit accusing the company of misrepresenting its dependence on selling computer chips for cryptocurrency mining, reported…

Benzinga

New York

Nvidia's Crypto Past Returns To Haunt As Supreme Court Signals Green Light For Lawsuit - NVIDIA (NASDAQ:NVDA)

WASHINGTON (AP) -- The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency.

Financial Post

Leon Cooperman

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Supreme Court justices seemed to struggle with Nvidia’s argument on Nov. 13 that shareholders’ securities fraud lawsuit claiming that the company downplayed its reliance on the volatile cryptocurrency sector should be dismissed.
Investors sued the Silicon Valley artificial intelligence chipmaker, claiming that the company misrepresented how dependent it was on revenue from volatile cryptocurrency mining before a market setback in 2018. The compa…

Supreme Court weighs Nvidia challenge to securities fraud claims

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