Jensen Huang and other NVIDIA officers and directors were just sued today under the new theory of copyright shareholder derivative lawsuit. I’ve coined this term to describe shareholder derivative lawsuits under securities law that are based on the allegation that the directors and officers (D&O) approved copyright infringement, exposed the company to substantial risk of copyright liability, or made material misrepresentations about such conduct to conceal or minimize that risk.
The NVIDIA copyright shareholder derivative lawsuit follows 3 other similar suits filed against Adobe executives (SEIU Pension Plan and Hirschberger) and Microsoft executives (Andersen). We will likely see other companies hit with similar lawsuits.
This is lawsuit No. 131 against AI companies in the United States. *I’ve classified it as copyright related because it is premised on the illegality of the AI training alleged in the complaint.
Excerpt:
DOWNLOAD COMPLAINT:
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