{"id":70330,"date":"2026-03-28T05:35:19","date_gmt":"2026-03-28T05:35:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nvidia-crypto-revenue-lawsuit-gets-class-certification-from-california-federal-court-legal-bitcoin-news\/"},"modified":"2026-03-28T05:35:19","modified_gmt":"2026-03-28T05:35:19","slug":"nvidia-crypto-revenue-lawsuit-gets-class-certification-from-california-federal-court-legal-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nvidia-crypto-revenue-lawsuit-gets-class-certification-from-california-federal-court-legal-bitcoin-news\/","title":{"rendered":"Nvidia Crypto Revenue Lawsuit Gets Class Certification From California Federal Court \u2013 Legal Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Judge Rules Nvidia Investor Fraud Lawsuit Can Proceed as Class Action<\/h2>\n

U.S. District Judge Haywood S. Gilliam Jr. of the Northern District of California certified the class in <\/span>In re Nvidia Corporation Securities Litigation<\/span><\/i> (Case No. 4:18-cv-07669-HSG<\/a>), clearing the case to move forward as a collective action on behalf of investors who bought or acquired Nvidia common stock between Aug. 10, 2017, and Nov. 15, 2018.<\/span><\/p>\n

Plaintiffs allege that Nvidia<\/a> and CEO Jensen Huang<\/a> made materially misleading statements to investors during that period, specifically by downplaying how much of the company\u2019s Gaming-segment GPU revenue came from cryptocurrency<\/a> miners rather than consumers. The company reportedly described crypto-related sales as \u201cinsignificant\u201d or \u201csmall\u201d in public disclosures while internally tracking large-scale GeForce GPU purchases by miners.<\/span><\/p>\n

According to the court order, the plaintiffs claim Nvidia concealed over $1 billion in crypto-driven revenue throughout the class period. When corrective disclosures emerged in late 2018, Nvidia\u2019s stock dropped sharply \u2014 an outcome plaintiffs link directly to the company\u2019s prior omissions.<\/span><\/p>\n

Judge Gilliam granted the motion under Federal Rule of Civil Procedure 23(b)(3), finding that common questions of law and fact predominate across the class. He rejected Nvidia\u2019s attempts to rebut the presumption of \u201cprice impact\u201d and to exclude the plaintiffs\u2019 damages expert.<\/span><\/p>\n

The ruling is procedural. It does not determine whether Nvidia<\/a> committed fraud or whether plaintiffs will prevail at trial.<\/span><\/p>\n

A Long History and Revival<\/h2>\n

The case has a long history. Filed originally in late 2018, it was consolidated, partially dismissed, and then revived after a successful appeal to the 9th U.S. Circuit Court of Appeals. Nvidia sought review at the U.S. Supreme Court, which dismissed certiorari as improvidently granted in December 2024. The case returned to the district court for class-certification proceedings.<\/span><\/p>\n

A separate but related Securities and Exchange Commission enforcement action in 2022 found that Nvidia failed to make adequate disclosures about the impact of crypto<\/a> mining on its revenue during the same time frame. That case resulted in a $5.5 million civil penalty.<\/span><\/p>\n

The certified class covers all persons or entities who purchased or acquired Nvidia common stock during the class period, excluding defendants, their immediate family members, and certain affiliates.<\/p>\n

The full docket, including the consolidated complaint and prior rulings, is publicly available on Court Listener. The court order granting certification is Docket No. 288, filed March 25, 2026.<\/p>\n

Nvidia has not issued a public statement on the ruling as of publication. The company is headquartered in Santa Clara, California, and remains one of the largest semiconductor firms in the world by market capitalization.<\/span><\/p>\n

What comes next depends on pretrial proceedings, including potential summary judgment motions, expert challenges, and eventually trial, a path that could take years given the case\u2019s complexity and the size of the certified class.<\/p>\n

FAQ \ud83d\udd0e<\/h2>\n