Supreme Court dismisses Nvidia’s appeal in securities lawsuit
Headline from The Hill
The Supreme Court on Wednesday dismissed an appeal from Nvidia in a securities lawsuit against the chipmaking giant, allowing the case to move forward.
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The justices on Wednesday dismissed a dispute over a securities fraud case brought against graphics chip maker NVIDIA. Shareholders argued that NVIDIA did not disclose the extent to which sales to crypto-miners, rather than gaming companies, put their shares at risk. The court heard NVIDIA Corp v. E
The Supreme Court on Wednesday dismissed an appeal from Nvidia in a securities lawsuit against the chipmaking giant, allowing the case to move forward.
The US Supreme Court sidestepped on Wednesday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing artificial intelligence chipmaker Nvidia of misleading investors about how much of its sales depended on the volatile cryptocurrency market.
WASHINGTON (AP) — 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.
