Nvidia's attorney, Neal Katyal, argued that the plaintiffs have not met the 'stricter pleading standards' required by the PSLRA, designed to limit frivolous lawsuits.
Katyal expressed concerns that the ruling from the Ninth Circuit allows for a pathway for plaintiffs, stating it creates an 'easy road map' for evasion of the Reform Act.
Justice Clarence Thomas questioned what the plaintiffs need to show under the PSLRA, indicating that the required standards could be quite stringent for compliance.
Katyal mentioned that plaintiffs could easily find an expert to contradict the company's statements, creating a situation where lawsuits could proliferate without substantiated claims.
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