Meta and Nvidia signs. Photos: Marc Olivier Le Blanc for ALM/AdobeStockA Meta DIG and Its Nvidia Implications
The Supreme Court granted certiorari in Nvidia to provide guidance on whether and how plaintiffs can use expert reports in securities fraud complaints, notwithstanding any factual issues presented by the case. If the court DIGs Nvidia based on those factual issues, it will further muddy this important legal issue and lead plaintiffs lawyers to push courts to follow the U.S. Court of Appeals for the Ninth Circuit’s erroneous decision.
November 27, 2024 at 05:15 PM
12 minute read
The U.S. Supreme Court recently dismissed the petition of certiorari in Facebook v. Amalgamated Bank, No. 23-980, 2024 WL 4861195 (U.S. Nov. 22, 2024), as improvidently granted (the case dates back to Meta’s days as Facebook, but it’s now commonly called the “Meta” case). That’s called a DIG (a dismissal as improvidently granted), and leaves Nvidia v. E. Ohman J:or Fonder AB, No. 23-970, as the only securities case currently on the court’s docket. Speculation arises that the court might dismiss Nvidia as well. See, e.g., Dan Epps, X post (Nov. 22, 2024).
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