Robbins Arroyo LLP: Nvidia Corporation (NVDA) Misled Shareholders According to Class Action

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Shareholder rights law firm Robbins Arroyo LLP announces that purchasers of Nvidia Corporation (NASDAQGS: NVDA) filed a class action complaint against the company’s officers and directors for alleged violations of the Securities Exchange Act of 1934 between August 10, 2017 and November 15, 2018. Nvidia designs, develops, and markets graphics processing units (“GPUs”) and related software.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/nvidia-corporation/

Nvidia Accused of Touting its Revenue Guidance

According to the complaint, demand for Nvidia’s GPUs initially surged as they became widely used in connection with cryptocurrencies. Nvidia assured investors that the company could adjust to rapid changes in the cryptocurrency market and that its executives are “masters at managing our channel, and we understand the channel very well.” Nvidia further assured investors that its core business was computer gamers who would compensate for any decline in demand from cryptocurrency users. When analysts upgraded Nvidia stock based on these representations, insiders sold significant amounts of personally held shares. In one instance, the company’s CEO sold 110,000 shares for $18 million in proceeds. When the company cut its revenue guidance on November 15, 2018 “ stating it would decline by over 7% instead of growing by 17% as previously expected “ its stock declined $57.69, or almost 29%, over two trading sessions, wiping out over $35 billion in shareholder value.

Nvidia Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, [email protected], or via the shareholder information form on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Leonid Kandinov
Robbins Arroyo LLP
600 B Street, Suite 1900
Diego, CA 92101
[email protected]
525-3990 or Toll Free (800) 350-6003