Civil Litigation,
Corporate
Dec. 9, 2019
Shareholder suit claims company downplayed slowing demand for computer chips
The company reported in August 2018 it unexpectedly accrued massive product inventory, wiping out over $35 billion in shareholder value.
GILLIAM
OAKLAND -- Computer chip manufacturer Nvidia Corp. did not knowingly exaggerate the prospects of graphics processing unit sales, according to a defense attorney who argued Friday the company simply made lousy business decisions.
In a bid to dismiss the shareholder lawsuit, Cooley LLP partner Patrick Gibbs said Nvidia misjudged the amount of computer chips it would sell to consumers in a volatile industry, leading to excessive inven...
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