Supreme Court tosses Nvidia appeal to dismiss shareholders' fraud lawsuit
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The Supreme Court has rejected Nvidia's appeal to dismiss a fraud lawsuit filed by shareholders. The lawsuit accuses Nvidia and its CEO, Jensen Huang, of making misleading statements in 2017 and 2018 about the extent of revenue growth from crypto-related purchases.
December 11, 2024 | 5:15 pm
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Nvidia faces a legal setback as the Supreme Court rejects its appeal to dismiss a fraud lawsuit. The lawsuit claims Nvidia misled investors about revenue growth from crypto-related sales.
The Supreme Court's decision to reject Nvidia's appeal could negatively impact investor sentiment, as it allows the fraud lawsuit to proceed. This legal uncertainty may lead to short-term stock price volatility.
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