CybersecurityUpdated Yesterday

Semafor: Nvidia considered Cooley before retaining Wachtell

Before Nvidia’s independent directors retained Joon H. Kim and Wachtell, the company was leaning toward Stephen Neal, Cooley’s former CEO, Semafor reports. People familiar with the matter told the outlet that some directors also suggested tapping Cooley itself, Nvidia’s longtime outside counsel. The firm was not retained. Semafor says choosing it could have drawn criticism that the inquiry wasn’t independent. The board retained Wachtell instead. That adds scrutiny over how the probe might be perceived, not a new answer to what it is investigating: whether Huang was targeted and whether Nvidia secrets or U.S. national-security interests were compromised. Nvidia says it has no reason to believe they were.

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