Nvidia headquarters in Santa Clara, California. Credit: MichaelVi/Adobe StockHigh Court Drops Case Over Nvidia's Effort to Ditch Fraud Suit
The justices said the review was "improvidently granted" in a short order issued Wednesday. Some lawyers say the high court may be a missed chance for the justices to articulate clear pleading standards under the Private Securities Litigation Reform Act.
December 11, 2024 at 06:23 PM
4 minute read
The U.S. Supreme Court ended its review of a Ninth Circuit decision reviving a securities fraud lawsuit against software company, Nvidia, calling the review “improvidently granted” in a Wednesday order.
The high court offered no further explanation for its dismissal. However, this outcome was forecasted during Nov. 13 oral arguments, when U.S. Supreme Court Justice Sonia Sotomayor expressed doubts with the court’s decision to review the Ninth Circuit’s divided ruling that Nvidia investors had pleaded their fraud claims with enough particularity for the case to advance.
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