Supreme Court To Consider PSLRA Scienter Standards, Granting Certiorari To NVIDIA

(June 17, 2024, 10:45 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 17 granted a petition for a writ of certiorari filed by a computer manufacturer and its CEO, who argue 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) by allowing retirement funds to rely on the findings of experts to show falsity....