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The U.S. Supreme Court has dismissed Nvidia's motion to dismiss a class-action lawsuit alleging the company misled investors about its crypto mining-related GPU sales. The lawsuit, initially filed in 2018, claims Nvidia concealed over $1 billion in sales to cryptocurrency miners, with support from the SEC and DOJ for the case to proceed. Nvidia expressed readiness to defend itself, emphasizing the need for consistent standards in securities litigation.
Theodore Weiman
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supreme court allows investor lawsuit against nvidia over crypto sales claims
13:51 12.12.2024
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