In re NVIDIA Corporation Securities Litigation

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 IRON WORKERS LOCAL 580 JOINT Case No. 18-cv-07669-HSG FUNDS, et al., 8 ORDER GRANTING IN PART AND Plaintiffs, DENYING IN PART DEFENDANT'S 9 MOTION TO DISMISS v. 10 Re: Dkt. No. 123 NVIDIA CORPORATION, et al., 11 Defendants. 12 13 This is a consolidated securities class action brought by Plaintiffs E. Öhman J:or Fonder 14 and Stichting Pensionenonds PGB (collectively, “Plaintiffs”) against Defendant NVIDIA 15 Corporation (“NVIDIA” or “the Company”) and Jensen Huang, co-founder and Chief Executive 16 Officer, Colette Kress, Chief Financial Officer and Executive Vice President, and Jeff Fisher, 17 Senior Vice President (collectively with NVIDIA, “Defendants”). In their complaint, Plaintiffs 18 allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the 19 “Exchange Act”) and Rule 10b-5 promulgated thereunder. Dkt. No. 113 (Consolidated Class 20 Action Complaint or “CCAC”) ¶¶ 147–48. …