Nvidia Beats Claims It Masked $1B In Crypto Mining Sales

Law360 (March 3, 2021, 8:26 PM EST) -- Technology hardware company Nvidia Corp. beat an investor suit alleging that it understated over $1 billion in sales to cryptocurrency miners, after a federal court in California found that investors hadn't proved any deliberate recklessness by the company's directors.

U.S. District Judge Haywood S. Gilliam Jr. of the Northern District of California on Tuesday granted Nvidia's request to dismiss the suit and blocked investors from amending their claims. The investors' confidential witnesses, who were former employees at Nvidia, weren't able to show that the company directors acted with deliberate recklessness, Judge Gilliam found.

"Viewed as a whole, the [first amended complaint's]...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!