Jury Finds Elon Musk Responsible for Twitter Investor Losses
A California jury has found Elon Musk responsible for some Twitter investor losses, concluding he misled them with critical tweets during his 2022 takeover bid and tried to drive down the share price to renegotiate his $44 billion offer.
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Elon Musk Is Responsible for Some Twitter Investor Losses, Jury Finds
The verdict was a rare loss for Mr. Musk, who investors claimed had tried to drive down the share price of the social media company, now called X, to renegotiate his $44 billion offer.
By Kate Conger and Natallie Rocha
Read full article →Musk responsible for Twitter investors’ stock dropping when he bought company, jury rules
California jurors hand win to investors who sued billionaire saying he publicly disparaged social media platform in 2022 A California jury has ruled that Elon Musk is responsible for Twitter investors’ stock plummeting when he sought to buy the social media platform for $44bn in 2022. Jurors handed the win to a group of investors who sued the billionaire saying he publicly disparaged the company with the aim of bringing down Twitter’s stock price to get a better bargain. The trial, which bega...
By Dara Kerr
Read full article →Musk misled Twitter investors before 2022 buyout, jury says
Jurors found Musk intentionally misled Twitter shareholders when he tweeted that the social network had too many fake accounts
By Bloomberg News
Read full article →Elon Musk expected to pay out billions as jury finds he misled Twitter investors in takeover
Musk was absolved of some fraud allegations by the jury.
Read full article →Elon Musk misled Twitter investors, jury finds - Graphic Online
Elon Musk misled Twitter investors, jury finds Graphic Online
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