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International Business Times
International Business Times
Business
Ann Resuma

Nvidia In Hot Seat As Supreme Court Dismisses Appeal In Crypto Lawsuit

The U.S. Supreme Court decided to toss out the appeal of Nvidia that sought to avoid a shareholder lawsuit, accusing the company of not being transparent to its investors over how much of its total sales was anchored on cryptocurrency.

Arguments were heard by the justices of the high court on Nov. 13 and they decided to dismiss the appeal of the AI chipmaker to overturn a lower court's ruling allowing a class action suit against the tech giant to move to the next phase of the case.

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