Judge Haywood S. Gilliam Jr. certifies securities-fraud class action against Nvidia, CEO Jensen Huang
Key Takeaways
- Judge Gilliam certified an investor class against Nvidia and Jensen Huang.
- Lawsuit alleges Nvidia underreported 2017-2018 crypto-mining GPU sales revenue.
- Ruling allows the class to pursue claims as a group.
Summary
Multiple sources are reporting on Judge Haywood S. Gilliam Jr. certifies securities-fraud class action against Nvidia and CEO Jensen Huang.
“NVIDIA is set to face a class action lawsuit following a US federal court ruling that investors can press claims that the company misinterpreted the level of its exposure to cryptocurrency-related revenues, depending on sales associated with crypto mining during 2017-2018”
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