Reported 22 days ago
Facebook and Nvidia are appealing to the US Supreme Court to dismiss federal securities fraud lawsuits against them, following recent rulings that could limit the ability of private plaintiffs to hold corporations accountable. The cases stem from allegations that both companies misled investors about significant risks — Facebook regarding the 2015 data breach linked to Cambridge Analytica, and Nvidia concerning its exposure to the cryptocurrency market. Legal experts suggest that a favorable ruling for these tech giants could further weaken the enforcement power of regulators like the SEC.
Source: YAHOO