Lawsuit Against Nvidia for Statements Regarding Crypto


Best Bitcoin Wallet 2019 :

Shall Law Firm, an American shareholder rights litigation firm, has announced the filing of a class action lawsuit against Nvidia with regards to statements pertaining to the company’s outlook regarding the effect that declining cryptocurrency prices could have on the performance of its shares.

A Los Angeles-based law firm has announced the filing of a class action lawsuit accusing graphics card manufacturer, Nvidia, for “violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.”
Nvidia is accused of making “false and misleading statements to the market” regarding assertions that a significant decline in demand for graphics processing units (GPUs) would not negatively impact the company’s operations and performance due to high demand from the gaming sector.

Schall Law Firm is currently encouraging investors who purchased Nvidia’s shares between Aug. 10, 2017, and Nov. 15, 2018, to contact the firm before Feb. 19, 2019, especially investors who incurred losses exceeding $100,000.
According to Shall, the GPU manufacturer “touted its ability to monitor the cryptocurrency market and make rapid changes to its business as necessary” and made “materially misleading” comments throughout the six-month period.

Nvidia appears to have been significantly hit by the cryptocurrency bear trend, with the company having the worst performing stock in the S&P 500 of the fourth quarter of 2018 with a 54 percent loss in value.
While a number of chip stocks have performed poorly of late – with the PHLX Semiconductor Sector Index, comprised of 30 companies including Nvidia, dropping 19 percent, and Advanced Micro Devices stock losing 45 percent – many have cited declining demand for mining hardware as a catalyst for Nvidia’s notably poor performance.

The recent dumping appears to have been fueled by the reporting of a weaker-than-anticipated quarterly revenue and guidance from Nvidia last month, with the company’s stock falling roughly 19 percent on the trading day following the earnings report.

“The crypto hangover has left the industry with excess inventory – excess channel inventory,” Nvidia’s chief executive officer, Jensen Huang, stated on a conference call at the time.

The DigitalBank Vault Device is controlled by a sophisticated 3 steps biometrical authorization procedure , which gives users the option to enter the account without the need to write or type anything .
The DigitalBank allows the user to store an unlimited amount of funds without any risk or possibility of loss. In case you are a victim of theft, fire, or else, your funds are always secure without any possibility of loss. No matter what happens, your entire net worth is safely stored in your “Unique Digital Identity”(UDI) created by your personal Biometrical Data and our advanced algorithms .
It is almost impossible to attack the DB device : there are no ports,no backdoors,no keys stored  .
The most advanced crypto banking system ever developed .
With the DigitalBank , you will gain access , to the Most Sophisticated CryptoCurrency Banking System available on earth .
DigitalBank is creating the Future of Confidential E-Banking . No Documentation Needed for Opening Accounts .
The First and Only Decentralized Anonymous Banking System in the World .
The DigitalBank is the safest vault for Bitcoin and Cryptocurrency , more secured than any cold storage option available on the markets . You can finally remain independent of third-parties to own your assets.
The DigitalBank breakthrough , is in the signing of transactions without storing any private keys – making the DigitalBank Account near to unhackable
This is not only a super secured hardware wallet just for crypto storage , but it includes also a full banking and  financial crypto managing platform , that let you buy, sell, trade ,invest and transform in cash your cryptocurrency holdings .