In a Law360 expert analysis, Partners Michael Bongiorno and Timothy Perla, and Counsel Sonia Sujanani, discuss the widely followed US Supreme Court case, Nvidia Corp. v. E. Ohman J:or Fonder AB, and its potential impact on motions to dismiss in securities class actions.
Excerpt: “In the case, shareholder plaintiffs alleged that Nvidia had misled the market by attributing increasing demand for its GeForce GPUs between 2017 and 2018 to gaming rather than crypto mining. The plaintiffs allege that the truth came out in late 2018 when crypto mining became less profitable, prompting Nvidia to disclose that decreased crypto mining was the reason for declining GeForce sales.”
