Split 9th Circuit: Securities Fraud Claim Sufficiently Alleged In NVIDIA Class Suit

(September 11, 2023, 2:41 PM EDT) -- SAN FRANCISCO — Shareholders sufficiently stated a claim for securities fraud against NVIDIA Corp., a producer of graphics processing units (GPUs), and one of its officers related to statements that understated the impact of cryptocurrency-related sales on NVIDIA’s revenue, the Ninth Circuit U.S. Court of Appeals ruled 2-1 in reversing in part the dismissal of the shareholders’ putative class action....