U.S. Tells High Court That Company’s Scienter Pleading Arguments Are Incorrect

( October 10, 2024, 8:47 AM EDT) -- WASHINGTON, D.C. — NVIDIA Corp. and its officers who claim that the Ninth Circuit U.S. Court of Appeals enlarged a split over the legal standard for alleging scienter under the Private Securities Litigation Reform Act of 1995 (PSLRA) misrepresented what occurred, the United States argues in an amicus curiae brief filed in the U.S. Supreme Court in support of two retirement funds; the United States also moved for leave to participate in oral argument on Nov. 13....