US EditionElon Musk 'Intentionally Misled' Twitter Investors
Jury found Musk's public doubts about Twitter's bot count caused an 18% stock drop, potentially costing investors $2.6 billion, but rejected broader fraud claims.
7 Articles
7 Articles
Elon Musk 'intentionally misled' Twitter investors
Elon Musk made misleading public statements during his 2022 Twitter takeover, a jury has found. After two days of deliberations, a jury in San Francisco submitted an unanimous verdict in the case of Twitter investors who argued they had relied on his statements. In his defence, Musk argued that he did not mislead investors and that they simply read too much into his public comments and tweets. The jury did not agree. It found that his public cla…
Due to the businessman's public statements in 2022, the company's share price fell.
Musk Ordered to Pay $2 Billion In Twitter Shareholder Lawsuit, Found Liable But Absolved of Fraud
The jury in a lawsuit over Elon Musk’s 2022 takeover of Twitter found he misled investors by claiming he might walk away over the platform’s bot estimates, prompting some to sell during a downturn before he ultimately went through with the original deal — but fraud claims were dropped.Nine jurors spent almost four days deliberating the arguments laid out as part of a class-action lawsuit during the nearly three-week trial at San Francisco Superi…
This Friday, March 20, 2026, a California civil jury made a landmark decision: Elon Musk intentionally deceived Twitter shareholders in his attempt to evade the acquisition of the platform in 2022. This case, which mobilized the courts for several years, sheds light on the legal consequences ... Read more Article Californian jury establishes that Elon Musk knowingly misled Twitter investors appeared first on Fredzone.
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