Reported 11 days ago
The US Supreme Court is reviewing Nvidia's appeal to dismiss a securities fraud lawsuit, which accuses the AI chipmaker of misleading investors about its sales linked to the cryptocurrency market. The case addresses the legal standards for private securities fraud suits under the 1995 Private Securities Litigation Reform Act, with justices expressing concerns about setting a high bar for plaintiffs and the complexities involved. The outcome could affect future litigation against companies accused of securities fraud.
Source: YAHOO