US Supreme Court To Hear Nvidia's Appeal Of Shareholder Crypto Suit
Portfolio Pulse from Adam Eckert
The U.S. Supreme Court has agreed to hear Nvidia's appeal regarding a lawsuit that accuses the company of misleading investors about its cryptocurrency exposure. The case, which was initially dismissed in 2021, was revived by the 9th U.S. Circuit Court of Appeals. Nvidia argues that the ruling could lead to speculative litigation.
June 17, 2024 | 6:54 pm
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Nvidia's appeal to the U.S. Supreme Court regarding a lawsuit accusing it of misleading investors about its cryptocurrency exposure could lead to increased volatility in its stock price. The case, initially dismissed, was revived by the 9th Circuit Court.
The legal proceedings could create uncertainty around Nvidia's stock, leading to potential short-term volatility. However, the long-term impact will depend on the Supreme Court's decision.
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