Steamy photos have emerged of Jensen Huang and his alleged Chinese spy lover as Nvidia faces potential legal headaches over its lack of a common type of corporate liability insurance.
The 63-year-old leather jacket-wearing married billionaire was photographed embracing Alice Huang, 49, an alleged operative for China’s Ministry of State Security, in Taipei, Taiwan, on June 2, 2024.
The lovebirds share a smoldering look, with Jensen Huang placing his hands directly on Alice Huang’s hip as she wraps her arm around his shoulders — almost as if they were starting to tango.
The photos were snapped shortly after Huang delivered the keynote address at COMPUTEX 2024.
“I want to speak to you in Chinese, but I have so much to tell you. I have to think too hard to speak Chinese. So I have to speak to you in English,” the Taipei-born joked during the speech.
Jensen Huang first began socializing with the alleged Chinese spy and former executive at Singapore-based data center company Megaspeed International in December 2023.
Their affair is believed to have begun in 2024.
Jensen Huang is also accused of cheating on Lori Huang, his college sweetheart and wife, with Kimberly Powell, an Nvidia vice president, and another unnamed Nvidia employee.
The scandal has wiped roughly $200 billion off Nvidia’s market value this week — and the company could face additional legal exposure because it lacks a common form of corporate liability insurance.
The $3.92 trillion chipmaking giant lacks common types of directors and officers (D&O) liability coverage that typically protect companies against certain legal costs and damages arising from claims involving their executives, the Financial Times reported.
D&O insurance can cover claims alleging misleading statements or disclosures, breaches of fiduciary duty and certain violations of laws or regulations by corporate executives and directors.
This type of insurance is bought in three parts: Side A, Side B, and Side C. Side A covers the personal assets and legal defense costs of company directors and officers. Side B reimburses the company when it has to pay for the legal fees and defense costs of its executives. Side C protects the business itself when it is named alongside company officers in a lawsuit.
Nvidia only has Side A insurance, leaving the company exposed to lawsuits naming the company alongside Jensen Huang.
“For a public company, it’s normal to have Side A and Side B coverage — it’s almost regarded as compulsory. And in the US, most large public companies would have Side C as well, because the exposure is so serious. Everyone gets sued all the time,” Aaron Le Marquer of Stewarts law firm told the newspaper.
Nvidia is already facing a federal class-action lawsuit filed in California that accuses the company and Jensen Huang of violating federal securities laws by failing to disclose significant national security and regulatory risks.
Jensen Huang on Thursday resigned as CEO and board member from the company he co-founded in 1993.
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