Supreme Court allows investors' class action to proceed against microchip company Nvidia
3 months, 1 week ago

Supreme Court allows investors' class action to proceed against microchip company Nvidia

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. Nvidia had argued that the investors’ lawsuit should be thrown out because it does not measure up to a 1995 law, the Private Securities Litigation Reform Act, that is intended to bar frivolous complaints. The justices also dismissed an appeal from Facebook parent Meta that sought to end to a multibillion-dollar class action investors’ lawsuit stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.

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History of this topic

Supreme Court Dismisses Plea To Transfer Cyber-Complaints Against Alleged Victim Of Fake Stock Market Investment Scheme
2 months, 1 week ago

Supreme Court Dismisses Plea To Transfer Cyber-Complaints Against Alleged Victim Of Fake Stock Market Investment Scheme

Live Law  

The Supreme Court today dismissed a writ petition which sought the transfer of multiple cyber complaints filed against a petitioner, who claimed to be a victim of cyber fraud, to one authority. In the writ petition, the petitioner alleged that three cyber complaints had been filed against him arising out of the same cause of action thereby, violating his fundamental …

Nvidia dealt blow as US Supreme Court drops shareholder suit
3 months, 1 week ago

Nvidia dealt blow as US Supreme Court drops shareholder suit

Live Mint  

The US Supreme Court dismissed an appeal by Nvidia Corp., leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the run-up to a market crash. The dismissal came four weeks after several justices questioned whether the case presented the type of broad legal issue that would warrant a Supreme …

Supreme Court allows investors’ class action to proceed against microchip company Nvidia
3 months, 1 week ago

Supreme Court allows investors’ class action to proceed against microchip company Nvidia

Associated Press  

WASHINGTON — The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected violations of Chinese anti-monopoly laws. Nvidia had argued …

U.S. Supreme Court allows multibillion-dollar class action to proceed against Meta
3 months, 3 weeks ago

U.S. Supreme Court allows multibillion-dollar class action to proceed against Meta

The Hindu  

The Supreme Court is allowing a multibillion-dollar class action investors’ lawsuit to proceed against Facebook parent Meta, stemming from the privacy scandal involving the Cambridge Analytica political consulting firm. The high court dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward. Investors allege that Meta did not fully disclose the risks that Facebook …

Supreme Court seems likely to allow class action to proceed against tech company Nvidia
4 months, 1 week ago

Supreme Court seems likely to allow class action to proceed against tech company Nvidia

Associated Press  

WASHINGTON — The Supreme Court on Wednesday seemed likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency. Last week, the justices wrestled with whether to shut down a multibillion-dollar class action investors’ lawsuit against Facebook parent Meta stemming from the privacy scandal involving the …

US Supreme Court hears Nvidia bid to avoid securities fraud suit
4 months, 1 week ago

US Supreme Court hears Nvidia bid to avoid securities fraud suit

Live Mint  

By John Kruzel and Andrew Chung WASHINGTON -The U.S. Supreme Court began hearing arguments on Wednesday in Nvidia's bid to torpedo a securities fraud lawsuit accusing the artificial intelligence chipmaker of misleading investors about how much of its sales depended on the volatile cryptocurrency market. It is one of two cases to come before the Supreme Court this month that …

Supreme Court to Consider Bid to Dismiss Securities Fraud Lawsuits Against Facebook and Nvidia
4 months, 2 weeks ago

Supreme Court to Consider Bid to Dismiss Securities Fraud Lawsuits Against Facebook and Nvidia

The Hindu  

The Supreme Court is set to consider bids by Meta's Facebook and Nvidia to fend off federal securities fraud lawsuits in separate cases. The justices may now be poised to rein in the power of private litigants to enforce federal rules aimed at punishing corporate misconduct. Facebook and Nvidia appealed to the Supreme Court after the San Francisco-based 9th U.S. …

Nvidia, Microsoft hit with patent lawsuit over AI computing technology
6 months, 2 weeks ago

Nvidia, Microsoft hit with patent lawsuit over AI computing technology

The Hindu  

Artificial intelligence computing giants Nvidia and Microsoft were sued in U.S. court on Thursday for allegedly stealing a small Texas company's data processor technology to help fuel development of AI products. Plaintiff Xockets accused Nvidia and Microsoft of “rampant” patent infringement in the lawsuit, filed in Waco, Texas, federal court. Xockets also said the companies violated antitrust law by conspiring …

SEC lawsuits against cryptocurrency companies raise questions about industry’s future
1 year, 9 months ago

SEC lawsuits against cryptocurrency companies raise questions about industry’s future

Associated Press  

WASHINGTON — First came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits. SEC Chair Gary Gensler told Bloomberg on Tuesday: “We don’t need more digital currency … we already have digital currency — it’s called the U.S. dollar.” What results from the legal battle could greatly diminish the growth of the …

Today’s Cache | Nvidia’s Chinese tweak, Google slowly frees Bard, and Qualcomm may face class action suit
2 years ago

Today’s Cache | Nvidia’s Chinese tweak, Google slowly frees Bard, and Qualcomm may face class action suit

The Hindu  

Nvidia’s Chinese tweak GPU and chip giant Nvidia has tweaked its advanced H100 chip in order to comply with restrictions set by U.S. regulators to prevent such chips from being exported or sold to Chinese customers, for national security reasons. Google slowly frees Bard Users in the UK and the U.S. can join a waitlist to test out Google’s Bard …

Facebook investor class-action suit gains momentum
9 years, 2 months ago

Facebook investor class-action suit gains momentum

Firstpost  

A US judge has cleared a class-action suit against Facebook from investors claiming the social network failed to fully disclose its risks at the time of its 2012 share offering. In a ruling posted this week, Judge Robert Sweet certified the class-action suit which claimed Facebook failed to provide adequate information to all its investors. In the case led by …

Supreme Court case pits privacy rights against Internet data brokers
9 years, 4 months ago

Supreme Court case pits privacy rights against Internet data brokers

LA Times  

The Supreme Court is set to hear a clash between privacy laws that protect American consumers and the desire of online data providers to avoid potentially crippling lawsuits if they post inaccurate information on the Web. He had claimed his job prospects were hurt by Spokeo’s inaccurate profile, but U.S. District Judge Otis Wright called that “speculative” and “implausible.” Robins …

Supreme Court allows Stanford Ponzi scheme suits
11 years ago

Supreme Court allows Stanford Ponzi scheme suits

Associated Press  

WASHINGTON — The Supreme Court ruled Wednesday that victims of former Texas tycoon R. Allen Stanford’s massive Ponzi scheme can go forward with class-action lawsuits against the law firms, accountants and investment companies that allegedly aided the $7.2 billion fraud. Federal law says class-action lawsuits related to securities fraud cannot be filed under state law, as these cases were. But …

US judge allows lawsuit against Google over email ads
11 years, 5 months ago

US judge allows lawsuit against Google over email ads

Firstpost  

A federal judge on Thursday refused to dismiss most of a lawsuit against Google Inc over allegations the company improperly scanned the content of A federal judge on Thursday refused to dismiss most of a lawsuit against Google Inc over allegations the company improperly scanned the content of customers’ emails in order to place ads. U.S. District Judge Lucy Koh …

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