Nvidia Knowingly Hid Chip Defects, 9th Circ. Hears

Law360, San Francisco (January 14, 2014, 4:48 PM EST) -- Nvidia Corp. shareholders on Tuesday urged the Ninth Circuit to revive their putative class action accusing the chipmaker of misleading investors about product defects, arguing a lower court had wrongly found that Nvidia wasn't required to disclose the problems unless they were likely to cause serious financial repercussions.

Plaintiffs attorney David Brower of Brower Piven told the appeals panel that U.S. District Judge Richard Seeborg had erroneously ruled that the plaintiffs had failed to show that Nvidia knowingly kept investors in the dark about its chip...
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