Nvidia's $20 billion Groq deal faces lawsuit alleging startup's stockholders were shortchanged
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Former Groq engineers Joshua Rubin and Benjamin Serebrin filed a lawsuit on Oct. 2 in the Delaware Court of Chancery alleging that Nvidia's $20 billion asset acquisition deal squeezed out stockholders with a lowball price. The suit claims the board sold the company without a required stockholder vote or a process to maximize value. Groq defended the licensing agreement as delivering exceptional value, calling the lawsuit meritless.
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