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Split 9th Circ. Revives Nvidia Investors' $1B Crypto Sales Suit

By Dorothy Atkins ( August 28, 2023, 6:52 PM EDT) -- A split Ninth Circuit panel partially revived a proposed class's securities fraud claims alleging Nvidia and its executives understated over $1 billion in sales to cryptocurrency miners, with a judge writing in dissent that the majority opinion improperly relies on a third party's "post hoc analysis" and "erodes the heightened pleading requirements."...

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