Reported 3 days ago
The U.S. Supreme Court has dismissed Nvidia's appeal to evade a securities fraud lawsuit brought by shareholders, who allege the company misled investors about its dependence on the volatile cryptocurrency market. The court left in place a lower court's ruling allowing the 2018 class action lawsuit to proceed, with the plaintiffs claiming Nvidia falsely represented the impact of crypto-related sales on its revenue growth. This decision is viewed as a victory for corporate accountability.
Source: YAHOO