Nvidia Challenge to Investor Suit Spurned by Supreme Court (2)

The US Supreme Court dismissed an appeal by Nvidia Corp., leaving it to face a lawsuit that accuses the company of misleading shareholders about its reliance on crypto-mining revenue in the run-up to a market crash.

The dismissal came four weeks after several justices questioned whether the case presented the type of broad legal issue that would warrant a Supreme Court ruling. Nvidia, the world’s most valuable company, contended the shareholders’ lawsuit lacked enough specificity to go forward to the evidence-gathering stage of litigation.

As is its usual practice, the court didn’t provide any explanation for dropping the case, ...