Legal Opinion
Roberto Cohen v. Nvidia Corp.
Court of Appeals for the Ninth Circuit
Decided October 2, 2014No. 11-17708PublishedCited by 186 opinions
1Opinion of the Court
OPINION
O’CONNELL, District Judge:
This case involves allegations of securities fraud. Defendant NVIDIA Corporation is a publicly traded semiconductor company. In the spring of 2008, it disclosed to investors information about defects in two of its products. A little over one month later, it further disclosed that it would be taking a $150-$200 million charge to cover costs arising from those product defects. As a result, NVIDIA’s share price dropped 31% and its market capitalization contracted by $3 billion. According to Plaintiffs, who had purchased NVIDIA’s stock in the preceding eight…
2Cases cited31 opinions
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