Former engineers sue Groq board over Nvidia's $20 billion licensing deal

First reported by Financial Times at · Updated · 4 sources

The lawsuit alleges stockholders received a low price and were excluded from the transaction. According to Quartz, the case was filed in Delaware and claims Groq's board sold assets to Nvidia without a required stockholder vote or a process aimed at maximizing the value of those assets.

Covered by 4 publishers within 14 hours of the first report.

Reporting4

Financial Times Nvidia’s $20bn licensing deal with Groq faces lawsuit from jilted engineers
CNBC Nvidia's $20 billion Groq deal faces lawsuit alleging startup's stockholders were shortchanged
Quartz Former Groq engineers sued the startup's board, alleging its $20B Nvidia deal shortchanged stockholders · Cris Tolomia
The Economic Times Nvidia’s $20 billion Groq deal under fire: Why shareholders are suing

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