Jury Rules Musk Misled Twitter Investors in 2022 Buyout
TL;DR Summary
A San Francisco jury found Elon Musk defrauded Twitter investors during the $44 billion 2022 takeover, ruling that his May 13 and May 17 tweets about bot counts were false or misleading. The verdict did not find a broader fraud scheme, but damages per share and per stock option for the May 13–Oct 3, 2022 period could total over $2.6 billion, with Musk planning to appeal.
- San Francisco jury finds Elon Musk defrauded Twitter investors during $44 billion takeover Courthouse News Service
- Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says CNBC
- US jury finds Elon Musk misled investors during Twitter purchase Al Jazeera
- Elon Musk misled Twitter investors ahead of acquisition, jury says Fox Business
- Elon Musk misled Twitter shareholders ahead of acquisition in 2022, jury finds CNN
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