The Rosen Law Firm says a class-action lawsuit has been filed alleging that Huang and Nvidia withheld information from shareholders about the CEO’s relationship with the woman, AFP reports.
The New York Times reported in October that Jensen Huang had begun a close relationship with Alice Huang, also known as Huang Le. Alice Huang is said to have had connections to Singapore-based company Megaspeed, which is said to have imported large amounts of technology from Nvidia.
According to several media reports, there are also suspicions that Alice Huang is a spy working on behalf of the Chinese government.
There are no family ties between Jensen Huang and Alice Huang.
Nvidia shares fell more than 4 percent in Monday’s trading after Jensen Huang confirmed his relationship with Alice Huang over the weekend and Nvidia announced it was launching an investigation into the spying allegations.
Jensen Huang has also been subpoenaed by a congressional committee to testify about Nvidia’s security practices in light of the Alice Huang deal. According to Bloomberg, the hearing will take place next week, on Wednesday, November 18.
This is the day after Nvidia is scheduled to release its third-quarter earnings report.
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