and Nvidia are defending against claims—revived by the appeals court—that they misled investors in violation of Section 10(b) of the Securities Exchange Act. Facebook's case centers around two ...

The Supreme Court will soon weigh two cases that could potentially make it harder for misled investors to sue Big Tech companies after major scandals. One case involves one of the largest tech ...

“This case can be resolved with one of the shorter opinions in recent Supreme Court history,” Grundfest argued. Nvidia counsel Neal Katyal of Hogan Lovells, Facebook counsel Kannon Shanmugam ...

It marks the second time the court has done so in recent weeks; the justices last month similarly dismissed Facebook ... Some suggested to Nvidia’s counsel the case might not require a blanket ...

Facebook appealed after a lower court allowed a shareholder lawsuit led by Amalgamated Bank to proceed. The Supreme Court will hear the Nvidia and Facebook cases in its next term, which begins in ...

President Joe Biden's administration supported the shareholders in the case. The Supreme Court's rulings in the Facebook and Nvidia cases are expected by the end of June.

The justices pressed Nvidia to explain why they should reverse a decision by the 9th Circuit Court of Appeals, repeating a point they made in the case against Meta's Facebook argued last week.

The move followed a similar one in November in another securities fraud case, against Facebook ... an appeals court ruling, allowing the case to proceed. At the argument in the Nvidia case ...

The Supreme Court on Friday dismissed an appeal by Meta’s Facebook, allowing to go forward a lawsuit brought by investors who claim they were misled by the social media giant about risks from a ...