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Supreme Court weighs Nvidia challenge to securities fraud claims ...Middle East
The Supreme Court on Wednesday weighed a bid from chipmaker Nvidia as it attempts to avoid a suit alleging its executives mislead investors about the extent its sales depended on volatile cryptocurrency miners. Nvidia asked the Supreme Court to reverse a lower appeals court’s decision that a suit brought by company stockholders met the high legal bar to move forward with securities fraud allegations against the chipmaker. Some of the justices appeared hesitant about the Supreme Court’s involvement in the legal matter, suggesting the case might not require a blanket rule to make it more difficult for securities fraud claims to be brought forward. “It’s less and less clear why we t
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