Facebook, NVIDIA Securities Cases Deserve Supreme Court Reversal

The US Supreme Court is considering hearing appeals in two securities cases: NVIDIA v. E. Ohman J:OR Fonder AB and Facebook v. Amalgamated Bank. Both present critical issues under the federal securities laws that we believe the court must review and ultimately reverse.

Defendants in each case want the justices to reverse a ruling from the US Court of Appeals for the Ninth Circuit that allowed claims brought against them under the federal securities laws to proceed. The court is expected to review the petitions in the coming weeks.

The cases present an opportunity for much-needed clarity on theories of liability that corporations and executives routinely face in securities lawsuits—and about which courts, regrettably, continue to reach different conclusions.

Source: Facebook, NVIDIA Securities Cases Deserve Supreme Court Reversal