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The U.S. Justice Department and the SEC have backed the class action lawsuit against AI chip giant Nvidia Corp. NVDA in the Supreme Court, which accused Nvidia of hiding its cryptocurrency revenue.

What Happened: The DOJ and SEC are advocating for the continuation of the lawsuit, which was brought against the company in 2018, Cointelegraph reported Thursday.

In an amicus brief, U.S. Solicitor General Elizabeth Prelogar and SEC senior lawyer Theodore Weiman argued that the lawsuit had “sufficient details” to survive a district court dismissal, urging the apex court to greenlight its revival by an appeals court.

The DOJ and the SEC didn’t immediately respond to Benzinga’s request for comment.

See Also: Satoshi Nakamoto About To Be Unveiled? Bitcoin Creator’s Identity Focal Point Of Upcoming HBO Documentary

The case was initially dismissed, but the investor group appealed the decision, leading to the Ninth Circuit appeals court reviving it in August last year. Nvidia then petitioned the Supreme Court to reverse it, and the top court agreed to listen to the company’s arguments in June earlier this year.

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Photo courtesy: Shutterstock

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