US jury finds Elon Musk misled Twitter shareholders
A federal jury in California ruled that Elon Musk misled Twitter shareholders as he was poised to buy the company for $44 billion, and that the conduct drove down the stock price.
A federal jury in California found Friday that tech tycoon Elon Musk misled Twitter shareholders, driving down the company’s share price as he was poised to buy it in a $44 billion deal. The verdict concerns shareholder claims tied to Musk’s actions during the period surrounding the proposed acquisition.