Milan, 10 Nov. (LaPresse) – Nvidia and its chief executive officer, Jensen Huang, have been accused of defrauding shareholders in a lawsuit related to the Chinese espionage scandal that has engulfed the $4.3 trillion company. According to a complaint filed with the federal court in San Jose, California, Nvidia and Huang allegedly misled shareholders regarding the executive’s alleged relationship with Alice Huang, a former executive at Singapore-based company Megaspeed. The Guardian reports this. Shareholders claim that neither party disclosed that the matter raised national security concerns and threatened Nvidia’s reputation and business prospects.
US: Nvidia and Huang accused of defrauding shareholders
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Milan, 10 Nov. (LaPresse) – Nvidia and its chief executive officer, Jensen Huang, have been accused of defrauding shareholders in a lawsuit related to the Chinese espionage scandal that has engulfed the $4.3 trillion company. According to a complaint filed with the federal court in San Jose, California, Nvidia and Huang allegedly misled shareholders regarding the executive’s alleged relationship with Alice Huang, a former executive at Singapore-based company Megaspeed. The Guardian reports this. Shareholders claim that neither party disclosed that the matter raised national security concerns and threatened Nvidia’s reputation and business prospects.
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