Bullet points of US and SEC back crypto sales suit against Nvidia in Supreme Court
Bullet points of US and SEC back crypto sales suit against Nvidia in Supreme Court
- The US Justice Department and Securities and Exchange Commission are urging the Supreme Court to allow a class action lawsuit against Nvidia to proceed.
- The lawsuit alleges that Nvidia misrepresented its sales to crypto miners.
- The agencies argue that the case has sufficient details to survive a district court's dismissal.
- The agencies also argue that they have a strong interest in the case because it concerns laws designed to limit frivolous securities-related lawsuits.
- The US Justice Department and Securities and Exchange Commission are urging the Supreme Court to allow a class action lawsuit against Nvidia to proceed.
- The lawsuit alleges that Nvidia misrepresented its sales to crypto miners.
- The agencies argue that the case has sufficient details to survive a district court's dismissal.
- The agencies also argue that they have a strong interest in the case because it concerns laws designed to limit frivolous securities-related lawsuits.