This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

U.S. Supreme Court,
9th U.S. Circuit Court of Appeals

Jun. 20, 2024

Supreme Court to review Nvidia securities case related to cryptocurrency mining

The lawsuit alleges that Nvidia executives misled investors by failing to disclose that its soaring revenues were based not on gaming but on sales to cryptocurrency miners, leaving the company vulnerable in case prices of Bitcoin and other cryptocurrencies dropped.

The U.S. Supreme Court will consider a 9th U.S. Circuit Court of Appeals decision during its next term allowing a securities fraud case to proceed against Nvidia Corp. over the scope of its sales to cryptocurrency miners in 2017 and 2018.

Justices agreed to review the ruling on Monday and the court is expected to hear the case this fall. Nvidia Corp. v. E. Ohman J:or Fonder AB et al., 23-970 (S. Ct., filed Dec. 20, 2023).

U.S. District Judge Haywood Gilliam Jr. ...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?