GoKawiilEx-Groq engineers sue over Nvidia's $20B licensing deal, alleging shortchanged stockholders
Former Groq engineers Joshua Rubin and Benjamin Serebrin filed suit on Oct. 2 in Delaware's Court of Chancery, claiming Groq's board agreed to Nvidia's deal without a required stockholder vote and without seeking the best possible price for the company. The deal, announced in December, involved Nvidia licensing Groq's AI inference technology and hiring Groq's CEO Jonathan Ross, president Sunny Madra and other senior leaders, while Groq says it remains an independent company that has since raised about $1 billion. Groq called the lawsuit meritless and said it intends to fight it.