Nvidia High Court Test Weighs Securities Suits as SEC Backstop

Haima Marlier spoke with Bloomberg Law about the significant implications of the Nvidia Corp. v. E. Ohman J:or Fonder AB case before the U.S. Supreme Court, which examines allegations of securities fraud concerning the company's crypto mining revenue disclosures. This case highlights the role of private litigation in enforcing securities laws, especially given the limited resources of federal agencies like the SEC and DOJ. The decision could reshape the requirements for private securities litigation under the Private Securities Litigation Reform Act. Haima emphasized the resource challenges, noting, "Federal court litigation is very resource-intensive, so this is coming on the heels of a Supreme Court case that is going to require the SEC to really think carefully about how it’s using resources."

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