9 articles tagged with #class-action. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Nvidia is facing a certified class action lawsuit over alleged securities fraud related to under-disclosure of cryptocurrency mining revenue. A U.S. federal judge has certified the case against Nvidia and its CEO after years of legal proceedings.
Nvidia faces a class action lawsuit over alleged gaps in cryptocurrency mining revenue disclosures. The company failed to successfully challenge claims that its crypto-related disclosures impacted its stock price, allowing the legal case to proceed.
Minors have filed a class action lawsuit against Elon Musk's xAI company in California, alleging that the company's Grok AI system knowingly produced and profited from child sexual abuse material through deepfake images. The lawsuit represents a significant legal challenge for the AI company regarding content moderation and child safety.
Three Tennessee teens filed a class action lawsuit against Elon Musk's xAI, alleging that the company's Grok AI chatbot generated sexualized images and videos of them as minors. The lawsuit claims xAI knowingly allowed the production of AI-generated child sexual abuse material when launching Grok's 'spicy mode' feature last year.
Snowflake (SNOW) stock declined 11.8% on Thursday driven by a convergence of pressures including class action lawsuit deadlines, data breach concerns, and a broader sector-wide selloff affecting AI-driven software companies. The sharp decline occurred on elevated trading volume, signaling significant investor concern about both company-specific and industry-wide risks.
Grammarly faces a class action lawsuit over its AI 'Expert Review' feature that presented editing suggestions as coming from established authors and academics without their consent. The company shut down the controversial feature on Wednesday amid the legal challenge.
Kalshi, a prediction market platform, is facing a class action lawsuit related to a $54 million betting market on Iran's Supreme Leader Ali Khamenei leaving office. The legal action highlights regulatory and ethical concerns surrounding political prediction markets involving foreign leaders.
Uniswap secured a complete dismissal in a class action lawsuit related to scam tokens on its platform. The judge ruled that plaintiffs failed to present a viable legal claim against the decentralized exchange despite multiple opportunities to amend their complaint.
A judge has ruled against Binance's attempt to move class action lawsuits regarding token sales into arbitration. The lawsuits originated from a wave of legal action filed in April 2020 targeting major cryptocurrency exchanges and token issuers.
