Reported 11 days ago
The Supreme Court appears poised to allow a class-action lawsuit against Nvidia, with investors accusing the tech company of misleading them about its reliance on crypto mining for revenue. During the hearing, justices questioned Nvidia's arguments for dismissing the case stemming from a 2018 lawsuit led by a Swedish investment firm, which followed a drop in the company's stock price due to declining cryptocurrency profitability. The company argues the lawsuit violates a 1995 law meant to eliminate frivolous claims, while the government supports the investors. A decision is anticipated by early summer.
Source: YAHOO