( ) -v-38- UNDATED (Correspondent Jeremy House) “std.” The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. Correspondent Jeremy House reports. [CutID: <Cuts> SCOTUS-NVIDIA-house-v-THUam.mp3 Time: 38s Title: SCOTUS-NVIDIA-house-v-THUam Out-cue: std] ——————————– VERBATIM: The justices heard […]
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Supreme Court seems likely to allow class action to proceed against tech company Nvidia
( ) -v-38- UNDATED (Correspondent Jeremy House) “std.”
The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. Correspondent Jeremy House reports.
[CutID: <Cuts> SCOTUS-NVIDIA-house-v-THUam.mp3
Time: 38s
Title: SCOTUS-NVIDIA-house-v-THUam
Out-cue: std]
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VERBATIM: The justices heard arguments in the tech company’s appeal of a lower-court ruling allowing a 2018 suit led by a Swedish investment management firm to continue. It’s one of two high court cases involving class-action lawsuits against tech companies. Last week, the justices wrestled with whether to shut down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. Nvidia is among the most valuable companies in the S&P 500, worth over $3 trillion…JH, Washington.