Market
What will be the outcome of Nvidia's shareholder lawsuit by end of 2025?
3
Resolution / Starting Odds
Nvidia wins • 25%
Shareholders win • 25%
Settlement reached • 25%
Case ongoing • 25%
Official court records or Nvidia's public announcements
Story
Supreme Court Dismisses Nvidia ($NVDA) Appeal, Company Faces Shareholder Lawsuit Over Crypto-Mining Revenue
Dec 11, 2024, 03:06 PM
The U.S. Supreme Court has dismissed an appeal by Nvidia Corp. ($NVDA), leaving the company to face a securities fraud lawsuit brought by shareholders. The lawsuit accuses Nvidia of misleading investors about its reliance on cryptocurrency mining revenue, which contributed to a significant drop in its stock value. The case, known as Nvidia v. E. Öhman J:or Fonder, was dismissed without a decision on the merits, meaning the lower court's ruling stands, and Nvidia must proceed with the legal challenge. The 2018 lawsuit alleges that Nvidia's CEO Jensen Huang lied about the company's exposure to the volatile cryptocurrency market.
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Financial penalties imposed • 25%
Other • 25%
No significant action taken • 25%
Operational changes required • 25%
Operational restrictions • 25%
No action taken • 25%
Acquisition reversal • 25%
Fines imposed • 25%
Operational restrictions • 25%
No action taken • 25%
Fines imposed • 25%
Deal reversal • 25%
No action taken • 25%
Other regulatory actions • 25%
Nvidia required to divest assets • 25%
Nvidia fined • 25%
Loss of market share • 25%
Revenue decline • 25%
No significant impact • 25%
Increased market position • 25%
Yes • 50%
No • 50%
