08:06 AM EST, 11/13/2024 (MT Newswires) -- (Updates with Nvidia ( NVDA ) comment in the third paragraph.)

Nvidia ( NVDA ) is expected to present Wednesday its arguments at the US Supreme Court in its appeal of a court decision allowing a securities fraud lawsuit, Reuters reported.

The 2018 class action lawsuit accuses the company of making statements in 2017 and 2018 that falsely downplayed how much of its revenue growth was pumped by purchases of cryptocurrencies, according to the report.

"We appreciate the opportunity to answer the Court's detailed questions this morning," a Nvidia ( NVDA ) spokesperson said in an emailed statement. "We brought this case to the Supreme Court to protect shareholders and the economy from groundless lawsuits, and look forward to the Court's resolution of this matter."

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