#litigation
28 pages tagged with "litigation"
data centers
- applied digital -- ai pivot puffery — securities class action against Applied Digital for overstating AI cloud service pivot and data center profitability, triggered by Wolfpack Research short report
- bigbear.ai -- spac accounting restatement — securities class action against BigBear.ai for accounting restatement of convertible notes following SPAC merger with GigCapital4
- c3.ai -- revenue guidance miss — securities class action against C3.ai for misleading revenue guidance and concealment of CEO health issues affecting sales performance
- coreweave -- data center construction delays securities fraud — securities class action against CoreWeave alleging concealment of data center construction delays and overstated ability to meet AI infrastructure demand, with $14B in market cap losses
- data center shareholder litigation tracker — comprehensive tracker of securities class actions, shareholder derivative suits, and regulatory enforcement actions related to data center infrastructure, AI buildout, and the companies in their supply chain
- equinix -- affo manipulation settlement — settled $41.5M securities class action against Equinix for misclassifying maintenance expenses as growth capex to inflate AFFO metrics, triggered by Hindenburg Research report
- fermi inc. -- project matador ipo securities fraud — securities class action against Fermi Inc. alleging IPO misrepresentation of AI data center demand for Project Matador, with anchor tenant termination causing 59% stock decline from IPO price
- gds holdings -- undisclosed executive transactions (settled) — settled $3M securities class action against GDS Holdings for undisclosed CEO pre-paid forward sale transactions creating change-of-control risk
- hut 8 -- usbtc merger overvaluation — securities class action against Hut 8 Corp alleging overstated USBTC acquisition value, triggered by J Capital Research short report showing 70% overvaluation
- intel -- foundry losses concealment (dismissed) — dismissed securities class action against Intel for concealing $7B operating loss in foundry business, dismissed with prejudice in July 2025
- iris energy -- hpc capacity overstatement — securities class action against Iris Energy alleging misrepresentation of HPC/AI data center readiness at Childress County, Texas facility, triggered by Culper Research short report
- ironnet -- spac securities fraud (settled) — settled $6.625M securities class action against IronNet for SPAC merger misrepresentations, company subsequently filed for bankruptcy
- mea v. wisconsin psc -- meta data center energy secrecy — lawsuit challenging Wisconsin PSC denial of public records request for Meta data center energy demand projections in Beaver Dam
- microsoft -- openai concentration risk investigation — pre-litigation investigation into Microsoft for allegedly failing to disclose that 45% of commercial RPO came from OpenAI, an unprofitable customer requiring continuous capital infusions
- nuscale power -- entra1 partner securities fraud — securities class action against NuScale Power alleging misrepresentation of ENTRA1 commercialization partner capabilities, with $495M payment to inexperienced entity and 70%+ stock decline
- nvidia -- china export controls investigation — pre-litigation investigation into NVIDIA for statements about Chinese buyers circumventing U.S. export controls on AI chips, with $5.5B H20 chip charge
- nvidia -- crypto revenue misrepresentation — long-running securities class action against NVIDIA for understating cryptocurrency mining revenue, surviving Supreme Court review and remanded for discovery
- oklo -- nuclear spac viability investigation — pre-litigation investigation into Oklo Inc. following Kerrisdale Capital short report questioning commercial viability of its small modular reactor SPAC
- oma v. puco -- aep ohio data center tariff challenge — Ohio Manufacturers Association challenge to AEP Ohio data center tariff at Ohio Supreme Court, alleging improper gamesmanship and industry discrimination
- oracle -- ai infrastructure capex securities fraud — securities class action against Oracle Corporation alleging misrepresentation of AI data center capital expenditure returns, with $50B projected CapEx, negative $10B+ free cash flow, and $248B in off-balance-sheet lease commitments
- oracle -- bondholder class action over concealed ai debt — bondholder class action alleging Oracle concealed plans for $38B in additional AI data center debt when issuing $18B in bonds, making it the most indebted tech company at $108B+
- sulphur springs v. vistra -- land restriction antitrust dispute — Texas lawsuit and AG investigation over Vistra/Luminant restrictive covenants on former mine land blocking AI data center development in Sulphur Springs
- super micro computer -- accounting fraud and doj investigation — securities class action and DOJ investigation against Super Micro Computer for accounting manipulation, undisclosed related-party transactions, and sanctions violations, triggered by Hindenburg Research report
- talen energy v. ferc -- nuclear data center colocation — Talen Energy appeal of FERC order rejecting expanded colocation of Amazon data center at Susquehanna nuclear plant, citing $140M/year in ratepayer cost-shifting
- vertiv holdings -- pricing misrepresentation — securities class action against Vertiv Holdings for false statements about pricing visibility and inflation management, resulting in 37% single-day stock decline
- vnet group -- ownership dilution securities fraud — securities class action against VNET Group for concealing subsidiary financial difficulties and ownership dilution risk