Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits
Government
WASHINGTON : The U.S. Supreme Court is set to consider bids by two tech giants - Meta's Facebook and Nvidia - to fend off federal securities fraud lawsuits in separate cases that could make it harder for private litigants to hold companies to account. After a trio of Supreme Court rulings in June that weakened federal regulators - including the Securities and Exchange Commission that polices securities fraud - the justices may now be poised to rein in the power of private plaintiffs to enforce
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