2024.12.11.
Class-action lawsuit against microchip company Nvidia to proceed, Supreme Court says
美國最高法院：對微晶片公司Nvidia的集體訴訟續行
The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed.
最高法院裁准Nvidia過去靠出賣電腦晶片誤導投資人挖礦於波動加密貨幣的集體訴訟續行。
The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected violations of Chinese anti-monopoly laws. The justices heard arguments four weeks ago in Nvidia’s bid to shut down the lawsuit, then decided that they were wrong to take up the case in the first place. They dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward.
星期三法院的裁決與中國現正調查Nvidia涉嫌違反中國反獨占法正好同一星期。
最高法院四個星期前於Nvidia企圖停止訴訟時進行言詞辯論，嗣裁決他們自始續行訴訟係錯誤的。最高法院駁回Nvidia的上訴，留給上訴法院有判決空間允許案件續行。
At issue was a 2018 suit led by a Swedish investment management firm. It followed a dip in the profitability of cryptocurrency, which caused Nvidia’s revenues to fall short of projections and led to a 28% drop in the company’s stock price.
瑞典投資管理公司於2018年隨大筆投資於獲利之加密貨幣後而起，其造成Nvidia收益短期虧損並導致公司股價下跌28%。
Nvidia had argued that the investors’ lawsuit should be thrown out because it does not measure up to a 1995 law, the Private Securities Litigation Reform Act, that is intended to bar frivolous complaints. A district court judge had dismissed the complaint before the federal appeals court in San Francisco ruled that it could go forward. The Biden administration backed the investors at the Supreme Court.
Nvidia答辯稱，投資者之訴應被駁回；因其未符合1995年Private Securities Litigation Reform Act的標準；該法擬禁止恣意提起訴訟。聯邦地方法院法官在舊金山聯邦上訴法院裁定續行訴訟前駁回原告之訴；拜登政府在最高法院支持投資者。