Nvidia Hit With Shareholder Lawsuit Over Hidden Crypto Revenue
An American global chipmaker lost its bid to stop a 2018 class action lawsuit against it after the higher court dismissed its appeal. Nvidia lost its legal battle to dismiss a cryptocurrency fraud case filed by shareholders after the US Supreme Court ruled that it would no longer entertain the appeal of the chipmaker.
Appeal Denied
The US Supreme Court announced that it will no longer entertain the appeal sought by American chipmaker Nvidia regarding its securities fraud lawsuit.
Consequently, the Supreme Court kept the earlier ruling of a lower court that permits the 2018 class action lawsuit to proceed.
Nvidia appealed to the high tribunal to hear its side and avoid the cryptocurrency fraud case that was filed against it in…
