Nvidia’s Crypto Past Returns To Haunt As Supreme Court Signals Green Light For Lawsuit
Posted On November 14, 2024
The U.S. Supreme Court has signaled its inclination to uphold a class-action lawsuit against Nvidia Corp (NASDAQ:NVDA) for allegedly providing misleading information to investors about its reliance on cryptocurrency mining.
What Happened: The Supreme Court heard arguments on Wednesday regarding Nvidia’s appeal to dismiss a lawsuit accusing the company of misrepresenting its dependence on selling computer chips for cryptocurrency mining, reported the Associated Press.
The lawsuit, initiated by a Swedish investment management firm in 2018, persisted despite Nvidia’s appeal of a lower-court ruling. The case is one of two high-profile class-action lawsuits against tech companies currently under …
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