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CASE PREVIEW

Court considers dispute over disclosure of NVIDIA sales to crypto miners

at 2:13 p.m.

NVIDIA shareholders allege that the company and CEO Jensen Huang knowingly misled them about the extent to which the company’s profit relied on sales to the volatile crypto-mining business. When the price of crypto fell in 2018, they sued. But the graphics chip giant now tells the Supreme Court that federal law requires hard evidence of known falsehoods for such a suit, evidence the shareholders do not have.

The NVIDIA sign

The NVIDIA headquarters in Santa Clara, Calif. (JHVEPhoto via Shutterstock)

SCOTUS NEWS

Supreme Court rejects Mark Meadows’ appeal in 2020 election interference case

 at 11:09 a.m.

The justices turned down a plea from former White House chief of staff Mark Meadows, rejecting his effort to move his 2020 election interference charges in Georgia to federal court where he hoped to argue that, as a “federal officer,” he was immune from prosecution. The court also turned down a group of landlords’ challenges to New York’s rent stabilization laws. The court did not add any new cases to its docket for the current term.

PETITIONS OF THE WEEK

FCC asks court to uphold constitutionality of nationwide rural phone and internet subsidies

at 12:07 p.m.

A weekly look at new and notable petitions seeking Supreme Court review. This week: The Federal Communications Commission asks the justices to uphold the constitutionality of its Universal Service Fund, the initiative that provides cheaper rates for phone and internet access to remote areas, low-income families, and public schools and libraries.

ARGUMENT ANALYSIS

Justices skeptical about Facebook’s data breach disclosure to investors

 at 12:12 p.m.

In a dispute over whether a forward-looking risk disclosure that Facebook made to investors about data breaches was misleading when it did not disclose that Cambridge Analytica had already taken the private data of 30 million users, several of the justices were skeptical of Facebook’s position. But at least three of the court’s conservatives were sympathetic to the argument that because the disclosure was about future events, it was not misleading.

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