Nvidia tells the US Supreme Court it should dismiss a lawsuit accusing the company of misleading investors over crypto

Nvidia's large presence at Computex 2023.

(Image credit: Future)

Lawsuits are probably like water off a very fat duck's back to Nvidia, but that doesn't mean it'll just roll over for them. In fact, it looks like the chip giant would rather have them dismissed before they even enter litigation.

The US Supreme Court has just heard Nvidia's appeal against a lower court's decision to move forward with a class action lawsuit from 2018 (via Reuters). This lawsuit claims that Nvidia misled its investors by downplaying how much of its sales and revenue depended on the crypto market, thereby breaking the 1934 Securities Exchange Act.

But the plaintiffs can counter this by saying that proving the claims of a lawsuit is what happens after the lawsuit's been accepted for consideration. Where the line between these two positions should be drawn—where the threshold for lawsuit consideration should be—is what the Supreme Court is considering.

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