Two former Groq engineers, Benjamin Serebrin and Joshua Rubin, sued the AI chip startup’s board in early October 2026, alleging that a roughly $20 billion licensing deal with Nvidia undervalued common shareholders while favoring insiders. The transaction, completed in December 2025, transferred approximately 90% of Groq’s workforce, including founder and CEO Jonathan Ross, to Nvidia via a structure of $17 billion in cash and $3 billion in Nvidia stock allocated to around 200 engineers. The Delaware lawsuit claims the board breached its fiduciary duty to remaining shareholders, while the US Department of Justice is separately investigating the deal for potential antitrust violations.
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