Nvidia Stock-Drop Suit Over Crypto Sales Trimmed Down
Law360 (March 16, 2020, 6:44 PM EDT) -- Nvidia Corp. largely escaped a proposed class action accusing it of lying about its ability to keep up with a boom in cryptocurrency mining after a California federal judge ruled there's no evidence that the company intentionally misrepresented its shareholders' losses.
U.S. District Judge Haywood S. Gilliam Jr. trimmed the suit Monday, finding the technology company’s investors didn’t show it had knowingly made false statements about its inventory of graphic processing units, or GPUs, which can be used for creating computer graphics in video games and for mining certain cryptocurrencies.
The investors’ claims of falsity were based “entirely” on the expert...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!