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2024-10-04 05:01:22

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Summary of US and SEC back crypto sales suit against Nvidia in Supreme Court

Summary of US and SEC back crypto sales suit against Nvidia in Supreme Court
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925504-a6f1-758d-8d21-88776739e02d

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quoting nevent1q…56dp
US and SEC back crypto sales suit against Nvidia in Supreme Court
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925504-a6f1-758d-8d21-88776739e02d

The DOJ and the SEC say they have “strong interest" in the case and argue that the class-action suit should proceed.

https://cointelegraph.com/news/us-sec-back-nvidia-crypto-sales-class-suit-supreme-court

The US Justice Department and Securities and Exchange Commission have filed an amicus brief with the Supreme Court, urging the court to allow a class action lawsuit against Nvidia to proceed. The lawsuit alleges that Nvidia misrepresented its sales to crypto miners, and 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.

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2024-10-04 05:01:22

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