Shareholder law firms investigate Nvidia disclosures after Huang revelations
Image: Primary Several shareholder law firms announced investigations into Nvidia on Monday after its stock fell more than 4% following the board's announcement that it would investigate CEO Jensen Huang's relationship with Alice Huang, TechCrunch reports. Rosen Law Firm said it is preparing a class action lawsuit.
Schall, Brown & Schwartz is examining whether Nvidia made false or misleading statements or failed to disclose information relevant to investors. The potential claims concern the company's earlier public description of the relationship as ordinary customer contact, before Huang acknowledged it was intimate.
Investigation notices alone do not establish a strong case. Nvidia's board said Sunday it had no reason to believe national security or company secrets were compromised.
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