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The Supreme Court is hearing Nvidia's bid to stop a shareholder crypto suit against it

Posted on AllSides June 17th, 2024
From The Center

The Supreme Court is hearing Nvidia’s bid to stop a shareholder suit accusing the company of misleading investors over how much of its revenue came from crypto-mining. The class action lawsuit, brought against Nvidia and chief executive Jensen Huang in 2018, is led by E. Ohman J:or Fonder AB, an investment management firm based in Stockholm, Sweden. The shareholders are seeking unspecified monetary damages. The suit’s plaintiffs are accusing Nvidia and its leadership of violating the Securities Exchange Act of 1934 by making misleading statements in 2017 and 2018 about...

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