By affirming the 9th Circuit ruling, Facebook alleged, SCOTUS would be "vastly expanding the circumstances in which risk disclosures are deemed false or misleading," exposing to legal challenges "a wide range of previously immune forward-looking statements—revenue projections, future business plans or objectives, and the like."

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.

Nvidia and Facebook have petitioned the U.S. Supreme Court to dismiss securities fraud class action lawsuits against them. The tech giants argue that allowing these suits to proceed could significantly alter how

Facebook and Nvidia have asked the US Supreme Court to review and overturn lower court decisions that allowed securities fraud lawsuits against them to