In a class-action lawsuit on Monday in the U.S. District Court for the Northern District of California, Jensen Huang and Nvidia have been accused of causing shareholders “significant losses and damages.” By failing to disclose the affair, shareholders led by Mark Kistenmacher say that the company artificially inflated its share price in potential violation of federal securities law.

The filing also notes that the potential national security implications present “a material risk to the Company’s reputation and business prospects.”

. . . President Donald Trump was asked about the situation on Monday. He told reporters he had spoken with Huang and that the CEO “had absolutely no idea that the person in question was a spy.”

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