Supreme Court Won’t Halt Shareholder Lawsuit Against Chipmaker Nvidia

During a hearing last month, the justices expressed concerns about how they should handle the case.

An illuminated sign at the Nvidia booth at the Las Vegas Convention Center on Jan. 5, 2017. David Becker/Getty Images

The Supreme Court on Dec. 11 dismissed Nvidia’s appeal of a lower court ruling that allowed shareholders to sue the company for alleged securities fraud.

This new court opinion, in which the justices declined to rule on the merits and instead did an about-face on their June 17 decision to hear the case, means that the lawsuit can move forward.