Supreme Court allows investors’ class action to proceed against microchip company Nvidia
- The Supreme Court has allowed a class action lawsuit by investors to proceed against the microchip company Nvidia.
- Investors allege that Nvidia misled them about the cryptocurrency market's impact on its business.
- The class action claims that Nvidia's statements inflated its stock price.
- Nvidia has denied any wrongdoing, and the ruling allows the case to move forward in a lower court.
52 Articles
52 Articles
US Supreme Court Bucks Nvidia's Appeal To Dismiss Crypto Class-Action Suit - Nemos News Network
Authored by Jesse Coghlan via CoinTelegraph.com, Nvidia faces a class-action suit alleging it misled investors about the volume of sales to crypto miners after the United States Supreme Court dismissed the chip maker’s appeal to throw it out. The justices issued a one-line order on Dec. 11, dismissing Nvidia’s appeal without providing any explanation. The decision effectively […]


US Supreme Court dismisses Nvidia's bid to avoid securities fraud suit
WASHINGTON: The US Supreme Court dismissed on Wednesday an appeal by artificial intelligence chipmaker Nvidia seeking to avoid a securities fraud lawsuit by shareholders who accused the company of misleading investors about how much of its sales depended on the volatile cryptocurrency market. © New Straits Times Press (M) Bhd
Ticker: Supreme Court allows class-action against Nvidia; Kroger, Albertsons deal ends in lawsuit
The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the microchip company over suspected violations of Chinese anti-monopoly laws. The justices heard arguments four weeks ago in Nvidia’s bid to shut down the law…
US Supreme Court bails on NVIDIA case, allowing a shareholder lawsuit to proceed
The one-sentence decision essentially says the court never should have taken the case. In the November arguments, justices across the ideological spectrum sounded fed up with the case’s technical details.
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