Cryptocurrencies
Nvidia Gets Supreme Court Review on Shareholder Crypto Suit
A ruling favoring Nvidia would give companies new leverage to win early dismissal of shareholder suits and avoid the expense of mounting a full-scale defense.
Photographer: Marlena Sloss/BloombergThis article is for subscribers only.
The US Supreme Court agreed to use a case over Nvidia Corp.’s crypto-mining revenue to consider making it harder for shareholders to press securities fraud lawsuits.
Nvidia is seeking to stop an investor suit that accuses the company of being deceptive about how dependent it was on revenue from crypto mining before a 2018 market downturn. The justices said Monday they will hear Nvidia’s contentions that the complaint lacks enough specificity to go forward.