Former Groq engineers sue board over $20 billion Nvidia deal

Former Groq engineers Benjamin Serebrin and Joshua Rubin filed a class action in Delaware's Court of Chancery against Groq's former board and ex-CEO Jonathan Ross. They allege the $20 billion Nvidia deal — a $17 billion license fee plus a $3 billion Nvidia stock pool — shortchanged other shareholders. Groq called the suit meritless.

• Suit filed in Delaware against Groq's board and ex-CEO Jonathan Ross
• Deal: $17B license fee plus $3B Nvidia stock pool for engineers
• Nvidia booked $14.4B of the license as goodwill tied to the workforce
• Nvidia hired nearly all of Groq's engineers, as many as 200