US EditionElon Musk is set to take the stand in a trial over claims he deflated Twitter stock before purchase
Musk denies wrongdoing in claims he made false tweets to lower Twitter stock price before his $44 billion acquisition, affecting shareholders who sold early, lawsuit alleges.
- Elon Musk is expected to appear at a federal courthouse in San Francisco to defend himself against allegations that he committed civil securities fraud in the run-up to his purchase of Twitter.
- Investors in Twitter filed a class action suit against Musk in October 2022, alleging he engaged in a scheme to weigh down Twitter's stock in order to pressure the board to sell to him for a lower price.
- A defeat at trial could result in Musk being forced to pay former Twitter investors to make up for their reported losses, and could influence the outcomes in related lawsuits down the line.
105 Articles
105 Articles
Musk says his $44B deal tweet "may not have been my wisest"
Elon Musk told a Delaware courtroom he hadn't read his deposition transcripts or prepared for his testimony because he works "an insane workload, 100 hours a week." He was there to answer questions about a tweet that tanked Twitter's stock price during his $44 billion acquisition — a tweet he conceded on the stand "may not have been my wisest." — Read the rest The post Musk says his $44B deal tweet "may not have been my wisest" appeared first on…
Musk, who was in court over allegations of Twitter stock price manipulation, said he had no intention of causing damage. Tesla CEO Elon Musk, who was in court over allegations that he intentionally caused a decline in the stock price during the Twitter acquisition process, said he had no intention of causing damage. The Financial Times reported on the 4th (local time).
Day Around the Bay: Elon Takes The Stand In Another Case About His Tweets
Local:Sadat Mousa, the 51-year-old man who was arrested on hate-crime charges Saturday for spraypainting anti-gay and antisemitic messages on a Pacific Heights church, including a swastika, has quite a rap sheet. His interactions with police date back to some criminal threat charges in 2009, and his TikTok account appearently includes plenty of hate speech as well. [Chronicle]Elon Musk took the stand Wednesday in federal court in San Francisco, …
Musk defends himself against accusations of misconduct prior to Twitter takeover
A defiant Elon Musk on Wednesday took the stand in a jury trial to defend himself against accusations that he engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy Twitter before he finally completed the takeover.
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