Del. Justices Reverse NVIDIA ‘Rumour’ Doc Ruling

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By Jeff Montgomery (July 20, 2022, 5:19 PM EDT) — Delaware’s Supreme Court docket has reversed a Chancery Court docket ruling that upheld stockholder doc calls for for a probe of alleged insider buying and selling by prime NVIDIA Corp. figures, discovering that the corporate was unfairly denied entry to witnesses and their statements earlier than trial.

The choice, launched Tuesday, let stand all however one among Chancellor Kathaleen St. Jude McCormick’s findings in a February 2021 bench ruling that rejected NVIDIA’s bid for dismissal of the doc entry swimsuit. Included within the decrease court docket determination was a conclusion that precedent allowed some use of rumour proof to undergird and help a “correct objective” protection for the stockholder…

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