Musk Found Liable For Misleading Twitter Shareholders
A California jury on Friday found Elon Musk misled Twitter shareholders during the runup to his $44 billion acquisition, plaintiffs' attorneys said. The class-action case Pampena v. Musk, filed in October 2022, could yield up to $2.6 billion in damages, and Musk's team indicated it will appeal. Claims administration is expected in about 90 days, enabling investors to seek recoveries thereafter.
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Sources
- Read OriginalElon Musk misled Twitter investors ahead of $44 billion acquisition, jury sayscnbc.com
- Read OriginalTwitter shareholders were misled by Elon Musk, finds federal jury in California. What will be the impact?economictimes.indiatimes.com
- Read OriginalUS jury finds Elon Musk misled Twitter shareholdersrte.ie
- Read OriginalUS Jury Finds Elon Musk Misled Twitter Shareholdersdeccanchronicle.com
- Read OriginalElon Musk Misled Twitter Investors Ahead of His $44 Billion Takeover in 2022, Jury Findsvariety.com
