Lawyers are loving crypto because of the amount of lawsuits they are creating xD
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tldr; The US Department of Justice and the SEC support a class-action lawsuit against Nvidia, alleging the company misled investors about the impact of crypto mining on its 2017/2018 revenue. The agencies submitted an amicus brief urging the Supreme Court to revive the case, previously dismissed due to insufficient evidence. Investors claim Nvidia downplayed its reliance on crypto mining revenue, which became evident after a market crash. The Ninth Circuit Court reinstated the case, citing evidence that Nvidia’s CEO may have intentionally misled investors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Nvidia made too much money now the government wants a slice
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Lawyers are loving crypto because of the amount of lawsuits they are creating xD
tldr; The US Department of Justice and the SEC support a class-action lawsuit against Nvidia, alleging the company misled investors about the impact of crypto mining on its 2017/2018 revenue. The agencies submitted an amicus brief urging the Supreme Court to revive the case, previously dismissed due to insufficient evidence. Investors claim Nvidia downplayed its reliance on crypto mining revenue, which became evident after a market crash. The Ninth Circuit Court reinstated the case, citing evidence that Nvidia’s CEO may have intentionally misled investors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Nvidia made too much money now the government wants a slice