The Supreme Court is considering a lawsuit against Nvidia over claims of misleading investors on cryptocurrency sales.

The U.S. Supreme Court is considering a class-action lawsuit against Nvidia, which accuses the company of misleading investors about its reliance on cryptocurrency sales. Nvidia is arguing that the lawsuit should be dismissed under the 1995 Private Securities Litigation Reform Act, which requires strong evidence to proceed. The case is significant as it could affect how easy it is for private litigants to sue companies for securities fraud. The court appears likely to let the lawsuit continue, with some justices questioning Nvidia's arguments.

November 12, 2024
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