NVIDIA Investors Demand Answers From Jensen Huang as Scandal Grows
A group of investors has sued NVIDIA CEO Jensen Huang, alleging that he harmed shareholders by concealing an affair with a woman suspected of spying for China.
Huang has acknowledged the affair with the woman, who is suspected of ties to Chinese intelligence. The fallout could affect his career as well as his reputation.
The investors allege that Huang’s concealment of the relationship negatively affected NVIDIA’s share price. They also believe the company’s commercial and technological secrets may have been at risk and that management misled shareholders.
The lawsuit, filed in California federal court by Rosen Law Firm, states:
“As a result of the wrongful acts and omissions, and the sharp decline in the market value of the company’s securities, the plaintiff and other class members suffered significant losses and damages.”
NVIDIA is also conducting an internal investigation into how the scandal may have affected key corporate decisions. The company’s board previously announced the review in an official statement. Huang has supported the investigation and promised to cooperate fully.
Source: iXBT.games
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